Now your X account is useful to buy memecoins in Solana

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By Berto R

  • The application integrates posts from X in real time, which helps make trading decisions.

  • The platform allows you to operate with automatic trading bots with a commission of 0.05 SOL per bot.

An online asset analysis and trading platform from the Solana (SOL) network, announced on November 28, 2024 the launch of a bot designed for users to buy and sell memecoins integrating your accounts X.

It is a online marketplace called SniperX which allows users to integrate their X accounts, although does not make it possible to operate directly from the social media application. However, this app It provides users with access to real-time financial information, such as market prices and volume data, along with X publications on assets in Solana to track trends in this market. Currently, this trading platform is used from a Google Chrome extension.

For example, if a user were interested in trading with the memecoin largest market capitalization of the Solana ecosystem, Bonk (BONK), will be possible view other users’ posts about this token of the social network X from the SniperX application.

SniperX allows you to see posts from other users on X about assets in Solana. Source SniperX.

The platform also includes rankings of influencers and a section dedicated to tokens what They concentrate more attention in real time.

These X-linked features could be useful for users to track social activity linked to the tokenswhich are important variables that drive market prices. Along the same lines, this functionality helps analyze the impact of conversations around the most popular cryptocurrencies, allowing you to make trading decisions.

Another interesting feature of SniperX is that it has integrated into its interface trading charts from the TradingView financial analysis platform.

SniperX allows you to technically analyze Solana assets with TradingView charts. Source: SniperX.

SniperX can operate as an automated trading bot

Although manual operations are possible, SniperX can function as a bot of trading what automates the buying and selling of assets according to the preferences configured by the user.

In addition to memecoins, trade is possible stablecoin USD Coin (USDC) de Circle, NFTs (tokens non-fungible) and tokens of the Solana ecosystem.

Users can integrate their X accounts into SniperX. Source: SniperX.

This tool, according to the statement, allows users to interact directly with the smart contract addresses (contract addresses, CAs) of the assets in Solana.

On the network, each token (including memecoins) is linked to a smart contract, identified by a unique contract address. To acquire a token specific, users they need to interact with that addressensuring that transactions are verifiable and audible on the network.

By interacting directly with the smart contract address, the user ensures that they are buying the token authentic and not a fraudulent copy. In turn, it reduces dependence on intermediaries, since the transaction occurs directly with the smart contract.

Ultimately, according to its Sol Sniper website, the platform applies a fixed commission of 0.05 SOL (around $12 currently) for each bot activated, regardless of how long it remains in operation.

To operate, according to the site, it is necessary to recharge the wallet with a minimum of 0.5 SOL and convert a portion of those funds to WSOL (wrapped SOL) for use in operations within the app. That conversion can be done within the appaccording to your blog.

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