Part 4/10:
Throughout the interview, Davis elaborated on the term "sniping," which refers to the tactic used by investors who aim to sell off coins at a high profit margin as soon as a new project launches. He contended that their presence complicates the environment significantly because they have an advantage in knowledge and strategy compared to average retail investors.
Davis acknowledged that the insider dynamics of crypto trading had been problematic since the inception of such projects but maintained that they were a staple of the landscape. He defended potential 'sniping' activities by highlighting the need for some liquidity management strategies to protect the investments, which, in theory, would also benefit the broader community of investors down the line.