What are crypto sniping bots?
Could you elaborate on the concept of crypto sniping bots? I've heard the term mentioned in the crypto community but am not entirely sure what they entail. Are they automated programs designed to capitalize on new listings or market opportunities? Do they utilize algorithms to identify and execute trades at high speeds? Are there any ethical considerations or potential risks associated with their use? I'd appreciate a concise yet comprehensive explanation of crypto sniping bots and their role in the cryptocurrency ecosystem.