Three days have passed since Monad TGE launched on the mainnet, and last night, a 10M-level gold dog, $CHOG, finally appeared on this new chain.
This is a fairly obvious golden dog, because Chog is Monad's mascot. When Monad first launched on the testnet, there was a testnet NFT craze, and this character has always been one of the most popular NFT series in the Monad ecosystem, from simple to super-hot.
What's unique about Chog's approach to releasing CA is that they posted it on their official Twitter account, but included CA in a single image. This helps them avoid being targeted by many surveillance bots.
But this didn't deter some snipers with "black technology." @casino616 successfully attacked $CHOG when its market capitalization was only about $40,000, spending about $3,756 to buy about 9% of the total $CHOG supply, ultimately accumulating a profit of over $410,000, creating another story of over 100x returns for a single coin in the crypto world.
This success has once again brought the cutting-edge technology of "OCR" into the public eye. OCR technology, short for Optical Character Recognition, is a technique that uses optical technology and computer algorithms to recognize and convert text in images. It can convert scanned documents, photos, books, or other images containing text into editable digital text formats, such as searchable content in Word, TXT, or PDF formats.
While including the token contract address in the image can filter out snipers who only scrape the tweet text, it can't stop snipers with "OCR" (Optical Character Recognition). In fact, this isn't the first time OCR technology has been discussed by cryptocurrency players, and it's even more familiar to those specializing in on-chain token sniping.
The last time OCR was discussed was probably when Kanye West launched his cryptocurrency $YZY. At that time, Naseem, the first person to buy $YZY, faced scrutiny because he had also successfully attacked $Trump and profited $109 million. One explanation was that Naseem used OCR technology to directly capture and purchase any CA (Crystal Token) contained in an image without manual input.
As on-chain players acquire increasingly advanced technologies, the gap in information access has almost disappeared. Take the $CHOG contract tweet as an example; everyone could see it immediately. Therefore, the ability to process information more efficiently became the key to victory. Not needing to manually enter the token contract address significantly reduces purchase costs. Furthermore, the level of understanding of the Monad ecosystem determines whether players dare to buy this new token and, if so, how large a position they are willing to take.
In a market environment where narratives fail, making money is becoming increasingly difficult.


Office of the Comptroller of the Currency’s Jonathan Gould says crypto companies should have a path to supervision in the banking system, which can evolve to embrace blockchain. Crypto companies seeking a US federal bank charter should be treated no differently than other financial institutions, says Jonathan Gould, the head of the Office of the Comptroller of the Currency (OCC).Gould told a blockchain conference on Monday that some new charter applicants in the digital or fintech spaces could be seen as offering novel activities for a national trust bank, but noted “custody and safekeeping services have been happening electronically for decades.”“There is simply no justification for considering digital assets differently,” he added. “Additionally, it is important that we do not confine banks, including current national trust banks, to the technologies or businesses of the past.”Read more