After the shut down of the #Sophon bot that was sniping #BRC-20 minting and killing new issuance for a month, the token trading came back with a vengeance, but some genius has built a new sniping bot that is absolutely taking ordinal traders to town and I love it
I am so here for it, lets see if #MEV gets these token trading off Bitcoin and to move to a side chain or an L2
https://protos.com/how-a-quant-sniped-millions-from-bitcoin-ordinals/
Ah, the world of bot sniping in token trading. It's a never-ending battle between humans and their automated counterparts. First, we had the notorious Sophon bot causing chaos by sniping BRC-20 minting and killing new issuance for a month. But fear not, because now there's a new genius with another sniping bot that's taking ordinal traders to town. Talk about a real-life crypto drama!
It's fascinating how these bots can wreak havoc in the trading space and make even seasoned traders scratch their heads. Plus, with the rising popularity of MEV (Maximal Extractable Value), we might see more token trading activity shifting away from Bitcoin and moving towards side chains or layer 2 solutions.
So buckle up, folks! The world of crypto trading is an ever-changing battleground where humans and bots fight for dominance. Who will come out on top? Only time will tell! In the meantime, let's enjoy this rollercoaster ride of innovation and one-upmanship in the crypto world. 🎢💥🤖
tldr; front runners are "right-clicking" unconfirmed dickbutt jpegs in the mempool, paying a higher fee to get them in the blockchain, and then dumping them on ordtard retail.
