Investors are grappling with the infamous crash of the World Liberty Financial (WLFI) token, as it hit a new all-time low on September 4. Aggressive dumping from a handful of whales has caused the WLFI token to lose more than half its value this week.
This drama has left many early WLFI token buyers holding the bag as smart money took profits. The Trump family-backed token’s wild ride highlights the risks of chasing hype-driven projects where a few big players can dictate the market.
In light of this, many investors are looking for smarter and safer ways to time the market, which is where Snorter Bot (SNORT) comes into play. This automated trading bot is built from the ground up to protect users from scams and sudden rug pulls.
The project’s native SNORT token is currently in presale, having raised more than $3.7 million from early investors. The ongoing presale round offers the token at just $0.1033, but this price will increase within the next 24 hours.
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WLFI’s Collapse Highlights the Need for Smarter Trading Tools
WLFI launched to much fanfare earlier this week, as its price hit a record high of nearly $0.4 soon after its launch.
But the bears were quick to pull the price back toward the $0.3 level amid a bout of profit-taking. After a brief revival, WLFI is now experiencing an aggressive streak of selling rallies, resulting in a nearly 54% decline from the $0.4 level.
On the 1-hour timeframe, the WLFI token formed a classic bearish pennant structure, which led to a pullback below the $0.2 support level soon after.
The World Liberty team even recently burned 47 million WLFI tokens to reduce the supply, but the market’s response was not encouraging. Looking ahead, the popular crypto analyst Ali Martinez warns investors that WLFI breaking below the $0.2 support is a strong bearish signal.
He believes that this break now opens the door for the token to potentially drop further toward $0.15 or even $0.10 if selling pressure continues.
The WLFI token’s crash is yet another example of the “pump-and-dump” scheme, which the meme coin sector is infamous for.
Many retail traders who rushed in on launch day are now sitting on huge losses. This clearly outlines the need for a tool that could help traders and investors spot potential red flags even before the token’s launch.
This is why strategic investors are now backing Snorter Bot, as it’s designed to help crypto enthusiasts avoid the kind of pitfalls exposed by WLFI.
How Snorter Bot Helps Traders Snipe New Tokens and Avoid Scams
Snorter Bot is an upcoming trading tool on Telegram that will combine powerful automation and risk-mitigation features for crypto traders. It will automatically scan and buy new tokens in milliseconds, allowing users to identify early-stage meme coins without the need to manually monitor the market 24/7.
More importantly, Snorter Bot will use its proprietary algorithms to flag suspicious projects and scam tokens before you make a purchase. In testing, this scam detector successfully eliminated 85% of common threats like rugpulls and honeypots. To further safeguard users, it will also feature MEV protection to prevent front-running bots from exploiting your trades.
Another fan-favorite feature is Snorter Bot’s copy trading tool. It will let users replicate the moves of top traders, giving anyone the chance to benefit from the strategies employed by traders with a proven track record.
When launched, the SNORT token will fuel Snorter Bot’s ecosystem and unlock exclusive benefits like lower trading fees of just 0.85% and unlimited snipes. But the token already has some utility, as holders can stake their SNORT for an annual reward of up to 125% during the presale phase.
Popular market commentator ClayBro highlights that despite some uncertainty in the market, the underlying conditions look extremely bullish for altcoins. He argues that while investors are still indecisive, history suggests that cycles like this often mark the beginning of explosive growth opportunities.
ClayBro points to SNORT as one such opportunity due to the growing need for an accessible bot trading solution, like the one it will power. Given the growing interest during the presale, he predicts the token will continue to climb after listing and reach the $1 mark within 2025.
Interested buyers can visit the Snorter Token’s official website to buy the tokens before the presale sells out.
This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods, or services mentioned.
