What is a snipe?

A snipe in the cryptocurrency world refers to a quick and precise action taken at a specific moment on the blockchain, usually during a significant event like a token launch. Snipe can involve either buying or selling tokens. For instance, sniping a newly launched token allows you to buy it at a potentially lower price before the market reacts and drives the price up.

At Noti, we define a snipe as a purchase of a newly launched token that is executed immediately after the token’s launch without users' efforts.