A snipe bot is a program that automatically places buy orders for a specific token at the moment it is launched or listed on a trading platform. These bots are designed to act quickly, often within milliseconds, to take advantage of the lower price before it potentially rises due to demand.Developers and traders use snipe bots to gain a competitive edge during token launches, especially in cases where there is significant hype or anticipation. As many buyers rush to purchase new tokens, the ability to execute orders faster than human traders can lead to substantial profits.However, using snipe bots can also lead to negative consequences for the broader community. They may create price volatility and reduce the chances for average investors to buy tokens at fair prices. This can lead to frustration and distrust among users who feel that they are at a disadvantage against bot-driven trades. Overall, while snipe bots can be beneficial for some, they raise ethical concerns and affect market dynamics significantly.