Sol Sniper, a platform known for its NFT analysis and trading on the Solana blockchain, has launched SniperX, reportedly the first-ever memecoin trading bot designed specifically for X. This tool provides traders with essential market data directly in their X timeline.
Bringing Memecoin Trading to X
Traditionally, memecoin traders have relied on various platforms and decentralized exchanges (DEXs) to monitor market trends and execute transactions. With SniperX, users can purportedly access all necessary data and execute trades without leaving the social media platform. SniperX enables users to view memecoin price data, ticker information, and contract addresses right in their X feed, allowing them to follow trends and react immediately. Additionally, the tool provides real-time insights into influencer rankings and social media activity surrounding various tokens, aiding quick decision-making.
Key Features of SniperX
SniperX offers seamless integration with X, allowing traders to view memecoin prices and market data without leaving the platform. Users gain real-time access to prices, volume, and candlestick charts for quick decisions. Social insights are available to track influencer rankings and social media activity related to various tokens. Reportedly, traders can buy memecoins directly from their X timeline with minimal setup.
The Evolution of Memecoins on Solana
The launch of SniperX coincides with a growing popularity of memecoins on the Solana blockchain. Data from Dune Analytics reveals that memecoins created on Pump(.)fun accounted for 62.3% of all DEX transactions on Solana in November 2024, although their total value was slightly lower at 42.3%. Pump(.)fun, launched earlier this year, enables users to launch their own tokens at no cost, democratizing the creation of memecoins. Consequently, projects like PNUT, GOAT, and CHILLGUY have emerged, rapidly gaining traction in the crypto community.
The launch of SniperX by Sol Sniper opens new horizons for crypto trading on the X platform, providing users with vital information and the ability to trade directly through the social network.
