How to Snipe Meme Coins On Solana — Full Guide
In this guide, you’ll learn how to snipe meme coins on Solana. Sniping, or buying new tokens immediately upon launch, lets you capture early growth and gain a significant edge over less experienced traders.
We’ll cover two main methods: sniping with an early contract address and without one. Additionally, we’ll discuss optimal settings for sniping new tokens. For both strategies, we’ll use the Pepeboost Telegram bot, this is the fastest and most reliable way to snipe Solana meme coins on Telegram.
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Note: Pepeboost is free to access, there is a 1% fee on each transaction. The fee is reduced to 0.9% when using a referral link.
How to Snipe Meme Coins On Solana with an Early Contract Address
This method is effective if you have access to the contract address before the token officially launches. While it’s not very common, sometimes the token’s developer will share the contract address in advance of the coin’s release.
Step 1: Access Pepeboost
- Open the Pepeboost Telegram bot.
- Click start to access the trading interface.
Step 2: Fund Your Wallet
- Go to the “Wallets” section in Pepeboost.
- Locate your Pepeboost Solana wallet address.
- Transfer Solana (SOL) to this address to ensure you have funds available for trading.
- If you don’t have Solana, purchase some from a centralized exchange like Coinbase.
Step 3: Set Up the Token Sniper
- Enter the early contract address (CA) of the new meme coin into the bot.
- Choose the amount of the new meme coin you want to buy.
- Confirm your transaction request.
Step 4: Snipe the Token
- Wait for the token to become available for purchase.
- Once the token is available, the bot will automatically execute the buy transaction based on your previous settings.
How to Snipe Meme Coins on Solana Without an Early Contract Address
This approach is useful when you’re part of a token prelaunch group on Telegram and are waiting for the developer to share the contract address for the token. This is pretty common for Pumpfun launches.
Step 1: Get Pepeboost
- Access the Pepeboost Telegram bot.
Step 2: Send SOL to Your Pepeboost Wallet
- Click on “Wallets” inside Pepeboost.
- Find your Pepeboost Solana wallet address.
- Transfer Solana to this address to ensure you have funds for trading.
- If you don’t have any Solana, you can purchase some from a centralized exchange like Coinbase.
Step 3: Keep an Eye on the Launch Telegram Group
- Continuously monitor the token’s launch group on Telegram.
Step 4: Forward the Official Contract Address
- Once the official contract address is posted by the developer, right click it and forward it to the Pepeboost bot.
Step 5: Set Your Purchase Amount
- After forwarding the contract address, select the amount of the new meme coin you want to buy.
- The bot will process the transaction and send you confirmation of the purchase
Top Tip: Enable Auto-Buy in Pepeboost
To streamline the process, enable the auto-buy feature in Pepeboost settings. Consequently, when you forward a contract address, the bot will automatically purchase the token for you for your preset amount. This removes the need to select how much you want to purchase after forwarding the contract address.
Best Settings for Sniping Solana Meme Coins
Priority Fee
The priority fee impacts the speed at which your transaction is processed. For swift transactions, set it to 0.01 SOL. If the token launch is highly anticipated, consider increasing this fee to ensure your transaction is processed.
Slippage
Slippage refers to the difference between the expected price and the actual price when your trade is executed. Adjust your slippage according to the hype surrounding the token. For particularly popular launches, you might need to set slippage as high as 50% to guarantee that your transaction goes through.
How to Get Early Contract Addresses
- Alpha Groups Being a member of exclusive alpha groups can grant you early access to contract addresses and other insider information.
- Stay Updated on X Follow updates on X (formerly Twitter) to stay informed about new projects and their launches.
- Network with Other Crypto Enthusiasts Connect with individuals in other crypto communities. Networking can help you discover new groups and sources of early information.
Resources
Coinbase: The best centralized exchange for buying Solana.
Pepeboost: The best way to trade Solana meme coins on Telegram.
Pepeboost Review: My full review on the Pepeboost Trading bot.
How to Use Pepeboost: My full guide on how to use Pepeboost for trading Solana meme coins.
The Ultimate Guide to Solana Trading Bots: Detailed comparison of all the Telegram trading bots available for Solana meme coins.
Alpha Channel: Where I post promising tokens.
YouTube: My YouTube channel.
X: My X account.
