How to snipe liquidity pools of meme coins (Quick)

The sniping of meme coins has become a profitable technique, because with little capital and a good sniper bot, we can make a profit without much effort and time.

The number of LP (Liquidity Pool) that are launched per day is almost innumerable, that's why automating a program to buy in all of them is a scalable solution that can make us a lot of money (if we do it right, of course).

In this article, I will show you how to snip meme coins both in liquidity pools in general and also in the Pump Fun platform. Both are 0.1 SOL and you can do both at the same time with the same wallet if you wish. Let's go in parts.

What is meme coin sniping?

Meme coin sniping is a technique that uses bots to detect and take advantage of opportunities to buy and sell tokens in the early stages of a liquidity pool.

A sniper bot automates this process, buying memecoins tokens as soon as a new liquidity pool is launched and selling them when certain predefined parameters are met, such as a profit percentage or a number of transactions.

There are different ways to do liquidity pools sniping, either on the Solana network or on specific platforms such as Pump Fun. Below, I explain how to do it step by step in both options.

Option A: Sniping of general liquidity pools

Sniping liquidity pools in Solana involves detecting the exact moment when a new liquidity pool is launched on the network. Using a bot that allows you to perform this process without programming is key to simplifying the process and ensuring that you act quickly.

Steps to sniping liquidity pools in general:

1. Connect to the sniping bot: Log in to Smithii's sniping bot and connect your wallet. It is recommended to create a dedicated wallet for these operations for added security.
2. Configure the connection: Select the appropriate RPC (Remote Procedure Call) to optimize transaction speed. You can use Solana's public RPC or the premium RPC for an additional cost, which will allow you to execute more queries per second and have a higher speed.
3. Configure the token purchase: Define the total amount of SOL you want to spend on each token. Also adjust the slippage, which is the maximum percentage difference you can tolerate between the price detected by the bot and the actual purchase price.
4. Configure token selling: Define when the bot should sell the tokens. You can set a profit percentage (take profit), a stop loss limit (stop loss) or a maximum time to keep the tokens (enforced selling).
5. Activate filters: You can use filters to select the most trusted liquidity pools, checking if the creator has applied permissions such as revoke freeze, revoke mint or revoke update.
6. Start sniping: Once all the parameters are configured, start the bot to start detecting and buying tokens in the Solana liquidity pools.

Option B: Sniping of liquidity pools at Pump Fun

Pump Fun is a platform where thousands of liquidity pools of memecoins are released daily. Sniping on Pump Fun is similar to the general process, but with some key differences. Here, you can automate the buying and selling of tokens directly on this platform using a specialized Pump Fun bot.

Steps for liquidity pools sniping in Pump Fun:

1. Connect to the Pump Fun bot: Access the Pump Fun bot and connect your wallet using the private key. It is recommended to use a separate wallet for this type of transactions.
2. Configure the connection: As in Solana, select the appropriate RPC to optimize transaction speed. You can use Solana's public RPC or choose the premium RPC for an additional cost to gain a competitive advantage in speed.
3. Configure the purchase of tokens: In the purchase section, define the total amount of SOL you will use to purchase tokens from each liquidity pool. Be sure to also set the maximum amount of tokens you want to hold at the same time. This will help you control the bot's exposure to multiple tokens, reducing risk.
4. Configure the token sale: You can configure the bot to sell tokens automatically after a certain number of transactions or when you reach a certain percentage of profit. This is crucial in Pump Fun, where memecoins can be very volatile and rug pulls are frequent.
5. Manage risk: Due to the high frequency of rug pulls in Pump Fun, adjust the number of transactions to a low value to reduce prolonged exposure to a particular liquidity pool.
6. Start sniping: Once you have configured all the buy, sell and connection parameters, activate the bot to start sniping in Pump Fun. The bot will automatically detect new liquidity pools of memecoins and execute the purchases and sales according to the parameters you have defined.

Comparison between sniping in Solana and sniping in Pump Fun

Although the sniping process in Solana and Pump Fun is similar in terms of basic principles, there are some important differences to take into account.

In Pump Fun, it is crucial to adjust well the few parameters we have due to the large amount of rug pulls. Setting transaction limits and shorter times can help you avoid losses.

In Solana, the risks of rug pulls are also present, but the selection process can be more controlled because we have more parameters.

On the other hand, sniping in Pump Fun can be very profitable if set up correctly due to the high volume of operations, but it also involves more risks.

Conclusion

Sniping liquidity pools of memecoins is a powerful technique that, when executed correctly, can generate significant profits. In both Solana and Pump Fun,the key is to correctly adjust the bot parameters to maximize speed and minimize risk. Good luck with your sniping!