Tuesday, August 5, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    CryptoPunks and Pudgy Penguins Draw Major Sales

    CryptoPunks and Pudgy Penguins Draw Major Sales

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    Ethereum Collections Lead NFT Sales Today

    Ethereum Collections Lead NFT Sales Today

    how NFTs became a global brand and a Web3 “social currency”

    how NFTs became a global brand and a Web3 “social currency”

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Labubus have succeeded in every way that NFTs have failed

    Labubus have succeeded in every way that NFTs have failed

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    NFT sales surge to $574 million in July, second-highest in 2025

    NFT sales surge to $574 million in July, second-highest in 2025

  • Gaming
    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Blockchain Bookmakers: A New Era of Fair and Secure

    Blockchain Bookmakers: A New Era of Fair and Secure

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

    The Biggest Games Releasing in August 2025

    The Biggest Games Releasing in August 2025

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What Is Copy Trading in Crypto? A Beginner’s Guide

    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

    A Step-by-Step Guide for Risk-Takers

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    How It Works and What to Watch Out For

    How It Works and What to Watch Out For

    Crypto Risk Management Strategies for Trading (2025)

    Crypto Risk Management Strategies for Trading (2025)

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is DeFi Staking? Everything You Need to Know

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    CryptoPunks and Pudgy Penguins Draw Major Sales

    CryptoPunks and Pudgy Penguins Draw Major Sales

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    Ethereum Collections Lead NFT Sales Today

    Ethereum Collections Lead NFT Sales Today

    how NFTs became a global brand and a Web3 “social currency”

    how NFTs became a global brand and a Web3 “social currency”

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Labubus have succeeded in every way that NFTs have failed

    Labubus have succeeded in every way that NFTs have failed

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    NFT sales surge to $574 million in July, second-highest in 2025

    NFT sales surge to $574 million in July, second-highest in 2025

  • Gaming
    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Blockchain Bookmakers: A New Era of Fair and Secure

    Blockchain Bookmakers: A New Era of Fair and Secure

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

    The Biggest Games Releasing in August 2025

    The Biggest Games Releasing in August 2025

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What Is Copy Trading in Crypto? A Beginner’s Guide

    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

    A Step-by-Step Guide for Risk-Takers

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    How It Works and What to Watch Out For

    How It Works and What to Watch Out For

    Crypto Risk Management Strategies for Trading (2025)

    Crypto Risk Management Strategies for Trading (2025)

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is DeFi Staking? Everything You Need to Know

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home NFT

How a quant sniped millions from Bitcoin Ordinals

November 30, 2023
in NFT
25
How a quant sniped millions from Bitcoin Ordinals
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

Ordinals, this year’s incarnation of NFTs on Bitcoin, have enjoyed a slight resurgence in recent weeks. A bubbly launch peaked on May 7 of this year and quickly subsided, but now Bitcoin’s rally in November has renewed interest in Ordinals.

READ ALSO

Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

CryptoPunks and Pudgy Penguins Draw Major Sales

Sniffing an opportunity for profit and prepared with months of practice since May, quant traders lurked. Their opportunity arrived this week at Magic Eden on Bitcoin, an NFT marketplace. They sniped millions.

The most highly anticipated Ordinals project of the season, Ordibots, had announced its minting ceremony on the most prestigious Ordinals exchange, Magic Eden. A timeline for its launch was widely publicized. Requirements for whitelisting were extensive. Ordibots’ community discussions were vibrant. The minting ceremony had a tantalizing countdown, with buyers setting alarms to attend – ready to inscribe their NFT on-time. Collectors anticipated the mark-to-market capitalization of the collection to reach untold millions of dollars.

Ordibots, however, became the first major Ordinals collection to fall victim to a sophisticated front-running attack. Its founders, and the NFT marketplace Magic Eden, have apologized.

Here’s how it happened.

A significant moment in Ordinals history has occurred, with Ordibots becoming the first collection impacted by a front-running attack.

As the next step for Ordibots, we have already gathered the addresses affected by mempool sniping. Over the next few days, we will be… https://t.co/u60X06NzWJ pic.twitter.com/I0jHl1pkd6

— OrdiBots (@OrdiBots) November 29, 2023

Read more: Ordinals won’t be solving Bitcoin’s security budget anytime soon

Sniping Ordinals for profit

Whitelisted fans of Ordibots submitted their minting transactions to inscribe their Ordibots NFTs onto Bitcoin satoshis, the smallest denomination of one coin.

See also  Another Bitcoin price surge may be bad for BTC prediction- Why?

After they broadcast their Bitcoin transactions, however, they wait in Bitcoin’s mempools for around 10 minutes. Like any other Bitcoin transaction, they must wait for miners to select their transactions for inclusion in a valid block — and then mine that block, which usually takes 10 minutes.

All of that delay is plenty of time for a sophisticated quant trader to snipe their mint with a front-running attack.

Ordinals sniping is a front-running attack

Ordinals sniping involves scanning Bitcoin’s mempools for a valuable Ordinal transaction, like an Ordibots minting inscription, copying the transaction, changing the wallet address, and outbidding the transaction fee slightly. By default, mining pool operators will usually select a transaction with a higher transaction fee — rewarding the quant sniper, and leaving the whitelisted Ordibots fanboy with nothing but an unconfirmed transaction.

Like all front-running attacks, Ordinals sniping steals valuable Ordinals NFTs for only the cost of surveillance and a slightly higher transaction fee.

The sniper can then quickly resell their stolen merchandise on an NFT marketplace for tidy profit. Although flipping Ordinals might be difficult for illiquid collections, snipers thought one of the biggest collections of the year was worth the trade.

Ordibots organizers apologize

Magic Eden on Bitcoin (the Bitcoin Ordinals division of the NFT marketplace that started on Solana) had even created a custom portal for the Ordibots minting ceremony. Unfortunately, neither Magic Eden’s portal nor Ordibots’ official website were able to protect users from the mempool snipers.

After the front-running attacks, Ordibots tweeted that it was trying to collect information on addresses affected by the attack. It apologized and promised to airdrop custom Ordibots to those addresses. Then, Ordibots said it would burn the Ordibots “parent” used to generate those NFTs in order to ensure immutability.

See also  Fantasy Top rebounds above US$1 mln to lead daily NFT sales

Obviously, many users complained about the experience. Some were confused for a while, not quickly aware of the front-running. Others figured out what happened pretty quickly.

One grateful fan complimented Ordibots’ quick response to the situation and said it would be cool to see a derivative collection of Ordibots images containing sniper rifles.

My Ordibot was sniped today. Here’s a good explanation and a must read if you mint ordinals. https://t.co/C7UG45swx0

— DannyBoy 🧙‍♂️💎💥 (@Dannyboy161616) November 28, 2023

Read more: Bitcoin ordinals creator causes outcry for wanting to enforce renumbering

Magic Eden on Bitcoin also apologized to buyers who attempted to use its Launchpad to buy an Ordibot but failed due to the front-running. It says it is deploying a solution to mitigate future front-running attempts.

Front-running “sniping” attacks

Mempool sniping is a form of front-running. Front-running traders normally profit from privileged information, then outpacing their victims. For example, if they know that somebody placed a large trade order, they try to sneak their own order in before the victim’s order is executed. Front-running bots can execute the same strategies by detecting large transactions that might indicate a front-running profit opportunity.

If front-running or sniping sounds familiar, it is. Indeed, it is a form of MEV (maximum extractable value). It is also a common quant trading tactic in traditional finance.

Although developers have attempted to mitigate MEV, even Ethereum founder Vitalik Buterin admits that MEV will never end. All Turing-complete blockchains with on-chain assets suffer from MEV.

In response to the Ordibots sniping attack, The Ordinals Show host Leonidus warned that the Ordinals community will have to “get much more sophisticated very quickly.” He added that the Ordibots situation could just be “the tip of the iceberg.”

See also  Solana Surpasses Ethereum in NFT Sales

Later, Leonidus clarified that snipers cannot steal existing Ordinals inscriptions. Front-running attacks only affect trades (not assets), such as mints or PSBT swaps.

In short, the quant trading tactics of traditional finance are now affecting Bitcoin. Ordinals sniping has occurred with on-chain Bitcoin assets, Ordinals. Ordibots became the first known collection to be targeted by mempool “sniping,” a sophisticated attack from the realm of quant trading.

Tags: BitcoinmillionsOrdinalsquantsniped

Related Posts

Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks
NFT

Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

August 5, 2025
CryptoPunks and Pudgy Penguins Draw Major Sales
NFT

CryptoPunks and Pudgy Penguins Draw Major Sales

August 4, 2025
NFT Sales Spike in July—but Still Miles Below 2024’s Highs
NFT

NFT Sales Spike in July—but Still Miles Below 2024’s Highs

August 3, 2025
Ethereum Collections Lead NFT Sales Today
NFT

Ethereum Collections Lead NFT Sales Today

August 2, 2025
how NFTs became a global brand and a Web3 “social currency”
NFT

how NFTs became a global brand and a Web3 “social currency”

August 2, 2025
Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations
NFT

Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

August 1, 2025
Next Post
Bware Labs partners with OVHcloud to deliver one of the fastest blockchain API platforms on the market

Bware Labs partners with OVHcloud to deliver one of the fastest blockchain API platforms on the market

Comments 25

  1. eh7e4 says:
    2 months ago

    cost cheap clomiphene without insurance how can i get clomiphene tablets cost of cheap clomiphene online get clomiphene pills how to get generic clomid no prescription order generic clomid prices order cheap clomiphene without dr prescription

    Reply
  2. order cialis europe says:
    2 months ago

    I’ll certainly carry back to be familiar with more.

    Reply
  3. cost of flagyl says:
    2 months ago

    I’ll certainly return to read more.

    Reply
  4. fp1o8 says:
    2 months ago

    how to buy zithromax – order ciplox generic flagyl 200mg pill

    Reply
  5. fbw2k says:
    2 months ago

    buy generic rybelsus over the counter – semaglutide 14 mg us buy cheap cyproheptadine

    Reply
  6. 3r7fn says:
    2 months ago

    domperidone buy online – cyclobenzaprine pills flexeril for sale

    Reply
  7. utemz says:
    1 month ago

    purchase amoxil online cheap – how to get diovan without a prescription brand combivent 100 mcg

    Reply
  8. 363a8 says:
    1 month ago

    order augmentin 625mg for sale – https://atbioinfo.com/ buy acillin generic

    Reply
  9. mh9y7 says:
    1 month ago

    order nexium 40mg – anexa mate esomeprazole drug

    Reply
  10. y4re0 says:
    1 month ago

    order coumadin 5mg online cheap – https://coumamide.com/ oral hyzaar

    Reply
  11. wv6a5 says:
    1 month ago

    buy meloxicam 7.5mg online – https://moboxsin.com/ order mobic 7.5mg generic

    Reply
  12. 1x5f2 says:
    1 month ago

    buy prednisone 20mg generic – https://apreplson.com/ deltasone 40mg oral

    Reply
  13. hnb5b says:
    1 month ago

    buy ed pills cheap – site buy ed pills cheap

    Reply
  14. 5a250 says:
    1 month ago

    amoxil generic – https://combamoxi.com/ cheap amoxicillin sale

    Reply
  15. x4wx2 says:
    4 weeks ago

    buy diflucan 200mg without prescription – https://gpdifluca.com/ generic diflucan 200mg

    Reply
  16. 90ah6 says:
    3 weeks ago

    cenforce 50mg usa – cost cenforce 100mg buy cenforce pill

    Reply
  17. ou401 says:
    3 weeks ago

    cialis daily side effects – site cialis none prescription

    Reply
  18. Connielet says:
    3 weeks ago

    buy generic ranitidine for sale – buy zantac 150mg pills purchase ranitidine online

    Reply
  19. mfv7b says:
    3 weeks ago

    cheap cialis 20mg – https://strongtadafl.com/# cialis recommended dosage

    Reply
  20. gwo0c says:
    3 weeks ago

    where to buy viagra in canada – buy viagra with paypal viagra vs cialis

    Reply
  21. Connielet says:
    3 weeks ago

    Good blog you procure here.. It’s obdurate to espy high quality article like yours these days. I truly appreciate individuals like you! Withstand mindfulness!! click

    Reply
  22. b4ctu says:
    2 weeks ago

    More posts like this would add up to the online play more useful. brand azithromycin

    Reply
  23. Connielet says:
    2 weeks ago

    This is the tolerant of advise I unearth helpful. https://ursxdol.com/azithromycin-pill-online/

    Reply
  24. klexl says:
    2 weeks ago

    With thanks. Loads of erudition! https://prohnrg.com/product/atenolol-50-mg-online/

    Reply
  25. vpkju says:
    2 weeks ago

    This is the type of post I turn up helpful. prix stromectol

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
How to Earn Keys to Boost Your HMSTR Airdrop

How to Earn Keys to Boost Your HMSTR Airdrop

September 10, 2024
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

How Sleepagotchi Rewards You for Healthy Sleep with Sleep-to-Earn

How Sleepagotchi Rewards You for Healthy Sleep with Sleep-to-Earn

May 29, 2025
The One Thing That Will Drive BTC to $100k

The One Thing That Will Drive BTC to $100k

March 18, 2024
Avalanche To Unleash 9.5 Million Tokens, Traders Brace For Impact

Avalanche To Unleash 9.5 Million Tokens, Traders Brace For Impact

February 3, 2024
Bitcoin ETF outflows cross $288M amidst Labor Day’s ‘risk-off mode’

Bitcoin’s 2019 trading pattern repeats itself: Good news for BTC?

September 5, 2024

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • Google to Pit Top AI Models Against Each Other in Live Chess Tournament
  • Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks
  • Blockchain Bookmakers: A New Era of Fair and Secure

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.