1/ How to flush a dog safely?
Recently, it seems that the bull market has returned quickly, and many MemeCoins have suddenly skyrocketed, making many people rich 💰
This player used 30u and earned 27,000u just by buying $Pepe 🐸
2/ The big winner of memecoin
If you don’t know about sandwich attacks, you may be a loser in this round of memecoin craze🥬
This player made nearly $2 million in profit by robbing memecoin buyers through sandwich attacks, almost $1 million in profit a day 💰
3/ Memecoin under attack
If you are buying, or thinking of buying these tokens, be careful because this one player specializes in sandwiching these tokens 👊
include:
$WOJAK
$APED
$HONK
4/ What is a sandwich attack? (1)
A sandwich attack is a preemptive trading strategy against DeFi protocols and services. Malicious traders search for unprocessed transactions on the network of their choice (such as Ethereum), and then place orders before and after the target transaction. The original pending transaction is sandwiched between the attacker's two orders, thus achieving pre- and post-transactions.
Generally, if we want to buy meme coins or other small currencies, we must increase the slippage on DEX. Slippage: The difference between the expected transaction price and the actual transaction price. As long as we increase the slippage, the MEV robot can launch a sandwich attack on us 🥪
For example, the picture below⬇️
5/ Off topic: Why is the gas fee so high recently?
The meme coin craze is the culprit for the surge in mainnet gas fees 🦹
Recently, many people have bought meme coins, resulting in rampant sandwich attacks, which directly caused the Gas Fee to soar!
In the past 24 hours, the user of the address shown below has spent a total of 650 ETH as gas fees, accounting for 7.1% of the entire network
6/ How to avoid sandwich attacks
If you buy tokens on the Ethereum mainnet, you can try trading on @CoWSwap. This is a trading aggregator that focuses on MEV prevention. It can buy tokens on other exchanges and avoid sandwich attacks.
If you don’t want to change your trading habits and are too lazy to trade on @CoWSwap, you can use this product! (mevblocker.io)
This is a tool that prevents MEV attacks from the RPC level. It is very easy to use. You just need to use their RPC.
7/ Projects worth looking forward to
While researching this topic, we @talkchain_today stumbled upon @CashmereLabs, which is worth looking forward to for three reasons 👇
1. This is a MEV-proof exchange
2. Adopting LayerZero technology, full-chain swap can be realized
3. Selected as the finalist of Binance MVB VI program
