reSee.it - Tweets Saved By @coinbureau
reSee.it AI Summary
I shared a snippet from my interview with Coffezilla where I discussed sniping, particularly in relation to the LIBRA launch. I was also asked about whether MELANIA faced similar issues. For those interested, the full interview is available to watch.
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🚨BREAKING: Snippet from a Coffezilla interview of Hayden Davis (involved in LIBRA launch) on sniping. Make of the answer what you will👇👇
Video Transcript AI Summary
When we snipe a coin we launched, it's usually to prevent other snipers from getting in. I don't personally conduct snipes, but the money used is the project's, aimed at deterring others and maintaining the project's viability.
For example, Trump coin had enough volume that the snipes didn't matter, but when projects don't have enough volume to deter snipers the project can die quickly. So sniping becomes necessary to protect the project. This is a common conversation in Solana.
I think this happens in all meme coins. The public isn't really aware of these behind-the-scenes activities, where projects manipulate their own prices to keep them stable. This is just me being super transparent, maybe it's oversharing.
Full Transcript
Speaker 0: Like, a a lot of this has turned into some of the wallets which are being, linked back to you are, like, linked to wallets which sniped the coins that you launched. Right? So Cool. In the case of Libra, there's the wallet which Dave got refunded by, which is according to him, your personal funds, was linked to an avalanche wallet which was funded like a sniper of Libra. So but if you but if you launch the coin, isn't it unfair for you to snipe the coin?
Speaker 1: So, I would say no. And I and I I would say that for a couple different reasons. Number one, a lot of the times when and, again, this is like I mean, again, it's a much larger conversation, which is what I told you in text. But, most of the time when worse a, I have lots of I have I have different money in different places, obviously. But from the standpoint of sniping, most of the time when we're sniping, we're attempting to avoid other snipers getting in.
Right? So whether that's and I by the way, I don't conduct snipes. I'm not a dev. I just wanna throw that out there for like, I don't even know how to. I don't I'd like, if if you told if you if you put me in front of a computer and had me try and figure out a snipe, I don't I don't even know what I've never done a bot.
I don't know any of that shit.
Speaker 0: But you you you're not denying that wallets linked to you, Snipe Libra. No. But you're just saying you didn't do it.
Speaker 1: Linked to the project. I wouldn't say linked to me. I would say linked to
Speaker 0: Linked to the the wallet which refunded Dave, which Dave said was your personal funds.
Speaker 1: That just so that just happened to be at the time of stress where we moved money from, but that was just a mistake. I mean, if if anything. Because, like, what like, in in that particular case, all I would do is, like, that money, when it went back into the chart, it would just flow through another wallet back into the chart. Like, that money that money that we consider sniping, quote, unquote, is the project's money. Right?
That's how we, that's how we do it for, I mean and anytime we've done it, that's how we do it. And the the most of the time, the snipe is to deter. And if there's enough volume on the project, we use it so that it has the ability to continue on. And I think that's very hard for people to understand.
Speaker 0: I will I I will agree with that. I think that is going to be hard to understand.
Speaker 1: Because because you have, like like look. Right? You have and I'll give you a great example. If you look at Trump and you look at the snipes. Right?
Trump had so much volume. The snipes didn't matter. They they made zero difference.
Speaker 0: No. That well, wait. Hang on. That's not true. There was a guy who sniped early for $1,000,000.
The big crash in Melania that everyone attributes to Melania was actually that sniper selling, like, tens of millions of dollars. Of course.
Speaker 1: Like like the one that did, like, 84 mil. Right? That one. Yeah. Yeah.
I well, yeah. Yeah. I mean, I we we we argue all day. My point is sniping when you're the team, I'm not saying it always should happen, but I'm saying a lot of times it's to protect. And and if there's enough volume, take some off so that people can have a chance to pump the chart back up.
Because with meme coins, they go up and down so fast. These projects can get killed in two days, and the only hope is that you have enough of a treasury to go and try and beat the snipers. This is a conversation that goes on with everybody in Solana. Everybody that knows how these launches work, that is the conversation.
Speaker 0: Do you think the public knows that when a project launches, the project is gonna snipe the project? Because it it like, it being the most charitable, right, which I'm just gonna really stretch my brain and be super charitable here and say, all of this money is not being intended to be profit. It's all for the project. Right? I think Yes.
The public not knowing that, like, you have these, you know, clandestine activities with these, like, side wallets going on is inherently, like, kinda messed up. And, like, the project is controlling the project's price. It is like a weird kind of price manipulation where you go like, oh, if it's too high, we'll clip some off the chart. And then also, it kinda makes the whole idea of the the team having a treasury wallet kinda pointless because it seems like you also have a sniping wallet treasury. And so and the public has, like, zero clarity into what's going on here.
This, I mean, just to be clear, do you think this happens a lot?
Speaker 1: I think, I I I think that that this is all that happens in all of meme coins ever unless they completely die, and then they get CTO'd, and hopefully nobody fucks it up. But I think, like, this is this is just me being super transparent. Maybe it's oversharing. I don't really give a shit.
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Here’s when Hayden was asked about launching MELANIA and if it was sniped too https://t.co/Tnn3r144SZ
Video Transcript AI Summary
Okay, so you're asking if I was part of the Melania launch, and if it was sniped like Trump's? Yes, I was part of it. The team wanted to snipe it because of the Trump situation, but we weren't the big snipers. We didn't make any money from it, and we didn't take any liquidity out – zero.
Regarding the wallet traced to the Portnoy situation that received $1,500,000 of Melania token, and then sold, there's a distinction. We didn't swap liquidity, but we did sell liquidations. Those are two different things. So yes, we sold, but we didn't swap.
Full Transcript
Speaker 0: Look, I mean, obviously, I know this is a bit of a sensitive topic, but I have to ask because, you know, this is part of what my story is about. You know, a lot of people have linked you to the Melania launch, and that is a big question on everyone's mind, mine especially, which is, were you part of the Melania launch, and was that sniped as well?
Speaker 1: I mean, look. I think that I'm I mean, I told you, like, beforehand this but before this started, you know, I mean, I'm I'm happy to share the truth. But, I mean, you're you're you're you're you're asking a question that's, it's just I mean, I'll answer, but it's, it's factually going to put me in into a lot of danger, which is fine. I'll answer. I was part of it.
I think the the team did want to snipe it because of how big the snipe was on Trump's. And we weren't the, we we definitely weren't the big sniper. We'd we were not the the the that was what we were trying to avoid. And, we didn't make any there was no money made from the Melania team on any we didn't take any liquidity out. Zero.
Speaker 0: Okay. Wow. That's, like shocking news, but I want to zoom in on that point. We said, like, well, we didn't take any liquidity out. One of the wallets we traced to the Portnoy thing, the Portnoy, you know, thing, your wallet sit or not I don't know if it's your wallet.
Whoever's wallet that was sent money to a wallet which had, like, got sent $1,500,000 of Melania token from something called Melania dash liquidity two dot sol. And then that wallet seemed to sell Melania tokens, that it received for free. So you said y'all didn't sell any liquidity, but I I I don't Didn't
Speaker 1: didn't didn't swap liquidity. Didn't swap liquidity. Didn't swap into single sided. I didn't say there was no, there was no money sold. There's a difference between swapping the liquidity and and selling liquidations.
Those are two different things.
Speaker 0: Okay. So y'all swapped. You didn't sell. Or the other way around?
Speaker 1: No. Other way around. Other way around.
Speaker 0: Sold. You didn't swap.
Speaker 1: Yeah.
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Watch the full interview here👇 https://www.youtube.com/watch?v=EqizJTbxAEM