Solana Treasury Firm Blames Sniper for Suspicious Meme Coin Trades

Solana's treasury firm has attributed recent suspicious trades involving meme coins to a sniper bot, which is a type of automated trading software that executes trades at high speeds. The firm noted that these trades were characterized by unusual patterns that raised concerns within the community. They emphasized that the bot's actions were not indicative of any wrongdoing on their part. The incident has sparked discussions about the impact of automated trading on market integrity and the need for better regulatory oversight in the crypto space.

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