Meme Token Sniping on Solana Reaches 87% Success Rate

In a recent report, a coordinated and systematic meme token farming pattern on the Solana blockchain was uncovered. This strategy, known as "same-block sniping," involves deployers transferring SOL to "sniper wallets" to buy tokens in the same block as their listing. The report identified over 15,000 tokens and more than 10,400 deployers engaging in this activity in the past month alone, highlighting its widespread and highly profitable nature. The success rate of this behavior is reported to be 87%, with a clean exit method employed.

The analysis indicates that deployer-sponsored sniping is often automated and concentrated during U.S. working hours. Multi-wallet farming structures are commonly used, with temporary wallets and coordinated exits to simulate real demand. Obfuscation methods, such as multi-hop funding chains and multi-signature sniping transactions, are constantly upgraded to evade detection. Despite these challenges, the report proposes a set of actionable heuristics to help protocol teams and front-ends identify, flag, and respond to such activity in real time.

The report includes case studies to illustrate the methods used in these sniping activities. For example, a deployer wallet sent SOL to three different wallets, which then bought tokens in the same block they were created and quickly sold their profits. Another case involved a wallet associated with multiple token sniping, using a multi-hop funding method to transfer SOL through several layers of transit wallets to the final sniping wallet.

The report concludes that this strategy distorts early market signals, endangers retail investors, and undermines trust in open token issuance. It calls for better heuristics, early warning systems, and ongoing efforts to map and monitor collaborative behavior to mitigate these issues. The report takes the first step by providing a reliable, reproducible filter to target the most obvious coordinated behaviors, but acknowledges that the real challenge lies in detecting highly obfuscated, evolving strategies and building an on-chain culture that rewards transparency rather than extraction.

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