Solana Treasury Firm Blames Sniper Bot for Suspicious Meme-coin Trades
A Solana-based treasury firm reported unusual trades involving newly listed meme tokens and blamed a “sniper” bot for the activity. The firm flagged rapid buy-and-sell transactions around token listings that extracted liquidity and led to unexpected losses or balance changes in its treasury accounts. The firm shared transaction traces and consent details with investigators and called for improved monitoring and safeguards for automated on-chain trading. No major protocol exploit was reported; the activity appears to be opportunistic trading by bots exploiting listing mechanics and low-liquidity markets. Key points: sniper bot activity around meme-coin listings on Solana, rapid front-running and liquidity extraction, treasury reported suspicious trades and provided traces to investigators, no systemic Solana protocol breach identified. Primary keywords: Solana, meme coin, sniper bot, liquidity extraction. Secondary/semantic keywords: on-chain trading, front-running, treasury, low-liquidity listings, transaction traces.
Bearish
This incident is bearish for short-term trader confidence in low-liquidity Solana token listings. Sniper bots that front-run listings and extract liquidity increase tail-risk for retail and treasury holders; such events often prompt short-term sell pressure and wider bid-ask spreads for similar new tokens. Historically, repeated bot-driven liquidity extraction on EVM and non-EVM chains has led to reduced participation in new-token launches until safeguards (anti-sniping measures, liquidity lockups, better listing controls) are introduced. For market impact: short-term — likely increased volatility and selling pressure on newly listed Solana meme tokens and possible cautious positioning in SOL-linked small caps; long-term — limited impact on SOL itself unless incidents scale to protocol-level failures. Traders should reduce exposure to low-liquidity listings, use limit orders, monitor mempool/listing mechanics, and watch for developer or exchange safeguards that could restore confidence.