Used when someone buys a rare NFT at a price below its actual value. Essentially, it means a profitable deal on an NFT. Someone might say they “sniped” an Okay Bears, for instance. Some NFT collectors take sniping as a job of finding rare NFTs listed far below their original value. Sniping is typically a competition among NFT traders since the fastest hand wins.
Collectors sometimes resort to bot-sniping to find these rare treasures. Examples of such bots are the NFT Rarity Sniper Discord Bot announced by @DeGodsNFT.
Here are some usage examples of “snipe” from Twitter:
- This tweet by @Chris_NFToken:
“Any good? Just a bit overwhelmed from all those tons of new projects every day… But yeah had to snipe this coral crown 4 sure!
- “What a snipe.”