According to Lookonchain, not all crypto snipers can make money, and caution is advised for those unfamiliar with the practice. A recent example involved a sniper who spent 15,000 SOL (approximately $1.9 million) to acquire 177.9 million WATER tokens. Due to the smaller purchase size compared to other snipers, the individual only managed to recoup 9,306 SOL (around $1.2 million) after selling all the WATER tokens, resulting in a loss of 5,694 SOL.