Step-by-Step Guide to Sniping New Meme Coins

1. Find New Coins:
   • Use DexScreener and Birdeye to track new meme coins.
     • Filters: Filter by “New Pairs” and sort by liquidity and trading volume.
   • Telegram/Discord: Join communities like Solana Degens for early signals.
     • Tips: Look for coins with active and engaged communities.
2. Analyze Fundamentals:
   • Tokenomics: Check the total supply, distribution, and burn mechanisms.
     • Tools: Use Solscan and Birdeye to analyze tokenomics.
   • Team: Research the team’s background and credibility.
     • Tools: Use LinkedIn and GitHub to verify the team’s credentials.
   • Community: Join the project’s Telegram/Discord to gauge engagement.
     • Tips: Look for active and engaged communities with transparent admins.
3. Set Up Sniper Bots:
   • BonkBot:
     1. Join the BonkBot Telegram Group.
     2. Connect your Phantom wallet.
     3. Set up sniper filters:
        • Token Launch Alerts: Enable alerts for new token launches.
        • Liquidity Check: Set a minimum liquidity filter (e.g., $50k).
        • Whale Activity: Enable alerts for large buys (> 1 SOL).
     4. Configure sniper settings:
        • Gas Fee Limit: Set a max gas fee (e.g., 0.01 SOL).
        • Slippage Tolerance: Set slippage to 10-15% for new coins.
        • Auto-Sell: Enable auto-sell at 2x, 5x, or 10x profit targets.
   • Maestro:
     1. Join the Maestro Telegram Group.
     2. Connect your Phantom wallet.
     3. Set up sniper filters:
        • Token Launch Alerts: Enable alerts for new token launches.
        • Liquidity Check: Set a minimum liquidity filter (e.g., $50k).
        • Whale Activity: Enable alerts for large buys (> 1 SOL).
     4. Configure sniper settings:
        • Gas Fee Limit: Set a max gas fee (e.g., 0.01 SOL).
        • Slippage Tolerance: Set slippage to 10-15% for new coins.
        • Auto-Sell: Enable auto-sell at 2x, 5x, or 10x profit targets.
4. Execute the Snipe:
   • The bot will automatically buy new meme coins that meet your filters.
   • Monitor the bot’s activity and adjust settings as needed.

Tools and Bots for Sniping

1. BonkBot:
   • Why Use It?: Automates buying new meme coins as soon as they launch.
   • Insider Tips:
     • Test with Small Amounts: Start with small trades (e.g., 0.1 SOL) to test the bot’s performance.
     • Set Stop-Loss: Use the bot’s stop-loss feature to minimize losses.
2. Maestro:
   • Why Use It?: Similar to BonkBot but with additional features like stop-loss and take-profit.
   • Insider Tips:
     • Follow Whales: Use Maestro to copy trade top wallets.
     • Set Stop-Loss: Use the bot’s stop-loss feature to minimize losses.