In accordance with Odaily, a trader used OCR technology to successfully snipe the $CHOG token on Monad, achieving over 100x returns. The $CHOG token, valued at around $40,000 at the time of the trade, was released with its contract address embedded in an image to avoid automated bots. However, the trader, @casino616, spent approximately $3,756 to acquire 9% of the total supply, eventually earning over $410,000. OCR, or Optical Character Recognition, allows for the extraction of text from images, enabling faster and more efficient sniping. This is not the first time OCR has been used in the crypto space, with similar tactics observed during the $YZY token launch. As on-chain strategies become more advanced, the speed and efficiency of information processing are becoming key competitive advantages.
OCR Technology Enables 100x Return on $CHOG in Monad Ecosystem
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