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

By: blockbeats|2026/04/18 14:07:57
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

Champion's Final Bow: FC Barcelona vs Real Betis – Celebrate the Title with a Home Finale

FC Barcelona are champions! After beating Real Madrid to clinch the 2025-26 LALIGA title, Barça return home to face Real Betis on May 17. A victory party at Spotify Camp Nou awaits. Full preview inside.

Best Oil Trading Platform for Crypto Users in 2026

Looking for the best oil trading platform for crypto users? Trade crude oil, gold, forex, and US stock futures directly with USDT on WEEX TradFi with 0% trading fees and no broker account required.

5 Futures Trading Strategies Smart Traders Use to Cut Crypto Fees and Boost Futures Returns

Most futures traders focus on entries and exits but ignore the fees quietly killing profits. Learn 5 futures trading strategies to cut costs and improve returns in 2026.

What Is TradFi? How Crypto Traders Can Now Access Crude Oil, Gold, and Global Markets

What is TradFi in crypto? Learn how crypto traders can now trade crude oil, gold, stocks, and global markets directly with USDT on WEEX TradFi with 0 fee trading and a $150,000 bonus pool.

How WEEX Bridges Crypto and Football: A Deep Look at the LALIGA Partnership Inside the WEEX App

WEEX is not just a LALIGA sponsor. It’s a true partner. From iPhone Dynamic Island to LALIGA-themed app icons and smart posters, see how WEEX brings football passion into every trade — and builds a real bridge between crypto and sports.

FC Barcelona vs Real Madrid Preview: El Clásico – Can Barça Clinch the Title at Spotify Camp Nou?

FC Barcelona vs Real Madrid El Clásico match preview for May 11, 2026. Barça need just 1 point to win LALIGA. Can Madrid delay the trophy? Full preview inside.

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