On-chain Rebound, Sniper Tool OCR Reaches New Heights with Hundredfold ROI Myth

By: blockbeats|2025/11/27 17:30:01
0
Share
copy

The Monad TGE has been live on the mainnet for 3 days now, and finally last night, a 10M-level Gold Dog $CHOG appeared on this new chain.

This is a somewhat expected Gold Dog, as the Chog character is Monad's mascot. When Monad first launched on the testnet, there was a testnet NFT craze around this character, which has always been one of the most popular NFT series in the Monad ecosystem, from whitelist-only to skyrocketing.

What sets the Chog team apart is the way they released the Contract Address (CA) this time. They released it through an official tweet, but embedded the CA within an image to avoid many monitoring sniper bots.

On-chain Rebound, Sniper Tool OCR Reaches New Heights with Hundredfold ROI Myth

However, this didn't deter some snipers with "black technology." @casino616 successfully sniped when the $CHOG market cap was only about $40,000, spending around $3,756 to buy about 9% of the total $CHOG supply. In the end, they accumulated profits exceeding $410,000, creating another story of a single coin achieving over a hundredfold return in the crypto world.

This successful event once again brought attention to "OCR" black technology. OCR technology, short for Optical Character Recognition, is a technology that uses optical techniques and computer algorithms to recognize and convert text in images. It can convert scanned documents, photos, books, or other text-containing images into editable digital text formats like searchable content in Word, TXT, or PDF.

Although embedding the token contract address in an image can filter out snipers who only capture tweet text content, it cannot stop snipers using OCR technology. In fact, this is not the first time OCR technology has been discussed by crypto players, particularly those specialized in on-chain token sniping.

The last time OCR was discussed was probably around Kanye West's coin release $YZY. At that time, the first sniper to purchase $YZY, Naseem, was questioned because he had also successfully sniped $TRUMP and made a profit of $109 million. One explanation was that Naseem used OCR technology to directly extract and buy any CA embedded in images without manual input.

As on-chain participants' technical skills become more advanced, the information gap has been almost eliminated. Just like in the case of $CHOG's contract tweet, everyone can see the tweet at the same time. Therefore, the key to success has become who can process information more efficiently. Eliminating the need to manually enter the token contract address can greatly reduce the cost of buying in. The level of understanding of the Monad ecosystem determines whether players dare to buy into this new token and the size of the position they are willing to take.

In a narrative-failing market environment, the difficulty of making money is indeed increasing.

-- Price

--

You may also like

Why have foreign exchange stablecoins never taken off?

Rather than issuing a local currency stablecoin from scratch, it is better to build a layer of foreign currency pricing on top of a USD stablecoin, allowing users to enjoy the liquidity of the dollar while keeping accounts in local currency.

AIDC, computing power leasing, and cloud: The "three-part thesis" of AI transformation in cryptocurrency mining farms

The "AI transformation" of cryptocurrency mining farms is not just a slogan; it is unfolding in three recognizable stages.

Futu has had all its illegal gains confiscated, reminding cryptocurrency exchanges

Even if foreign financial institutions obtain licenses abroad, as long as you are effectively providing financial services to residents in mainland China, Chinese regulatory authorities may evaluate your actions according to Chinese law.

Football, Web3 & Champions' Energy: A Recap of WEEX's LALIGA VIP Meetup in Barcelona

Relive WEEX's exclusive LALIGA VIP Meetup in Barcelona with football legend Fernando Morientes. From a fireside chat and on-site WEEX x LALIGA signing to partner awards and a live LALIGA match broadcast, discover how WEEX connected football culture, Web3, and community.

Pizza, Poker & AI Trading: A Recap of WEEX Crypto Pizza Day in Dubai

Relive WEEX Crypto Pizza Day in Dubai, where the MENA crypto community gathered at WEEX Dubai Studio to celebrate Bitcoin Pizza Day with pizza, poker, networking, and a live AI trading competition. Discover how WEEX turned a historic crypto milestone into a hands-on AI trading experience.

IOSG Founder: Please tell Vitalik the truth, let the OGs who have enjoyed the industry's dividends enlighten the young people

The wage earners freeze to death on the road, the sellers of goods die of thirst on the way. The weavers of brocade wear coarse cloth, and the grain growers do not have enough to eat.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com