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

Reflections and Confusions of a Crypto VC

As the tide recedes, crypto VCs face a life-and-death test. The bubble of blind token overvaluation has been burst, and the industry's valuation logic is returning to real revenue. In the face of increasingly savvy retail investors and dried-up liquidity, VCs that can only throw money around are des...

Morning News | Ether Machine terminates $1.6 billion SPAC deal; SpaceX holds approximately $603 million in Bitcoin; Michael Saylor releases Bitcoin Tracker information again

Overview of Important Market Events on April 12

Crypto ETF Weekly | Last week, the net inflow for Bitcoin spot ETFs in the U.S. was $816 million; the net inflow for Ethereum spot ETFs in the U.S. was $187 million

Bitwise updates Hyperliquid ETF application documents, with the trading code set as BHYP.

This week's news preview | The U.S. will release March PPI data; French President Macron will give a speech at Paris Blockchain Week

Highlights of the week from April 13 to April 19.

How Do Digital Assets Self-Custody? OpenAI Cofounder's 15-Step Checklist

It's time to outsource our memory to AI

Circle Product Management Director: The Future of Cross-Chain: Building an Interoperability Technology Stack for Internet Financial Systems

Building on the foundation laid by CCTP, Circle is increasing its investment in three main areas: settlement acceleration, broader asset interoperability, and orchestration, making cross-chain value flow more seamless and efficient, and achieving internet-level usability.

Popular coins

Latest Crypto News

Read more