Advanced Tactics
Advanced Tactics: Burner Wallets, Bots, Pre-Trades & Rug Protection
If you’re serious about memecoins, you need more than just a Phantom wallet and vibes.
This part will teach you:
How to avoid getting rekt by rugs
Why you should use burner wallets
How snipers and bots grab tokens before you even see them
How to spot and protect yourself from honeypots
🧯 1. Always Use Burner Wallets
A burner wallet is a fresh wallet you use only for degen trading.
Why use it:
Many scam tokens can drain your wallet via malicious contracts
Reduces risk to your main wallet with NFTs, SOL, or stablecoins
Helps organize plays (e.g., one wallet per trade group)
How to do it:
In Phantom: click your wallet icon → “Add / Connect Wallet” → “Create New Wallet”
Send only the SOL you plan to trade
Revoke permissions after trading: https://app.phantom.app/revoke
❗ Never click random websites or sign unknown messages.
⚔️ 2. Sniper Bots: How Degens Buy Before You
Sniper bots are automated tools that:
Monitor the blockchain for new token creations
Buy instantly when a token is added to Raydium or other DEXs
Often beat retail users by 5–15 seconds (a lifetime in memecoin world)
Popular Sniper Bots on Solana:
🐵 BONKbot (Telegram)
🍌 BananaBot (Telegram)
🦍 SolanaSniper (custom/private)
🧑💻 DIY bots via RPC & WebSockets
Advanced traders run their own private bots for faster execution.
Pro Tip: If a token launches and you see a few wallets buying 1–2 seconds after it goes live, it’s probably bots.
🛡 3. Rug Protection Tools
Before you buy a token, always check:
Paste token address
Shows:
Can you sell?
Dev wallet
Token taxes
Liquidity status (locked/unlocked)
Analyzes contract code for:
Honeypot behavior
Hidden mints
Pausable transfers
Owner functions
Click the ⚙️ or “Info” tab on a token page
See owner %, LP %, buy/sell tax
🔒 4. Token Safety Checklist
Before buying, ask:
Can you sell?
✅ Yes (check RugCheck)
❌ No = honeypot
Is liquidity locked?
✅ For at least 1 month
❌ Unlock anytime
Dev wallet holdings?
✅ <10%
❌ 50%+
Token taxes?
✅ 0–5%
❌ 10%+
Contract verified?
✅ Yes
❌ No / proxy used
🤫 5. Private Telegram Alpha Groups
Many early plays happen in closed Telegram groups.
You’ll see:
Sniper bot signals
Devs launching stealth tokens
Insiders dropping contracts early
⚠️ Be careful — most groups are full of pumpers and scammers. DYOR before acting on alpha.
🧪 Bonus: Pre-Trading Strategies
If you’re in a group and get a contract before it launches:
Check LP & token supply first
Simulate buy/sell via bot or dry-run tool
Use small SOL first, see if transaction succeeds
Watch for bot buys — they signal smart money
You now know how to protect your SOL, trade faster, and survive in the jungle of Solana memecoins.
Last updated
Was this helpful?