2025-12-07 18:20:33

Recently, everyone in the crypto community has been aping into meme coins on BSC and Base, so I joined in for a few rounds too.

To be honest, on-chain trading is definitely thrilling. But those hidden costs really feel like getting sliced up bit by bit.

Last week, I had my eye on an early-stage project and was ready to ape in at launch. But as soon as the network got congested, gas fees shot up from 5 gwei to 200. Setting the slippage to 3% wasn’t enough to get in, so I gritted my teeth and bumped it up to 12%. The transaction finally went through—and I ended up giving a nice tip to the MEV bots. My buy order got sandwich attacked three times in a row, making my final price 18% higher.

What’s worse is, after finally managing to get in, I faced the same scenario when trying to take profits.

All in all, between gas fees and slippage losses, I was down a few hundred bucks before even doubling my money. At this point, I can’t tell if I’m working for myself or just feeding the on-chain parasites.

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Degen4Breakfast

· 15h ago

Haha, I’ve been sandwiched too, that feeling is just unreal. --- Gas fees are just ridiculous, they eat up half your profits. --- That’s how shitcoins are—you can barely earn money faster than the fees. --- 12% slippage? Bro, you’ve got guts. I bailed long ago. --- It’s less like playing with projects, more like providing liquidity for bots. --- Base isn’t as congested as BSC, but there are still plenty of sandwich attacks. --- Watching your order double but actually losing money in the end—who can stand that? --- Early projects are full of knives, there’s no way to guard against them all. --- Getting sandwiched even harder when taking profits, I’m a bit scared now. --- This is the invisible tax on-chain—whoever plays gets rekt.

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SneakyFlashloan

· 15h ago

Hey bro, this is the real truth about shitcoins—I’ve lost big time. The moment my order got sandwiched, I knew I couldn't do this. Gas fees eat up the profits, then slippage takes another cut, and in the end, you realize you’re just feeding the bots. Might as well go provide LP and earn fees instead. Getting rich off shitcoins is a game for the few; most people are just cannon fodder.

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DeadTrades_Walking

· 15h ago

Bro, this is basically giving free money to MEV farmers. I’ve fallen for the same trick before. --- Seriously, as soon as gas spikes, slippage goes crazy too, you barely have time to react. --- 12% slippage and you still got sandwiched three times? Dude, your luck is insane. --- You really have to wait until the network isn’t congested, otherwise you’re just working for the scientists. --- I don’t even bother with early projects anymore, it burns too much money. --- Honestly, on-chain trading is just gambling on the network, slippage, and bots. --- Losing a few hundred bucks is nothing, some people have lost thousands from being sandwiched. --- That’s why I only play on mainnet now, small chains are too easy to get exploited. --- It’s always like this—rush in at launch and get trapped, there’s no way to avoid it. --- Wait, did you end up closing that position?

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MetaverseVagabond

· 15h ago

Meme coins are just an IQ tax; the gas fees alone can eat up all your profits, so why bother?

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LayoffMiner

· 16h ago

Bro, this is a bloody lesson—once you get sandwiched, it’s over. Got hit by a sandwich attack while farming again, and the gas fees ate up all my profits. These shitcoins, either you’re making money or you’re paying tuition. Early-stage projects sound appealing, but once you get in, it’s all knives. Instead of worrying about doubling your money, you better figure out how much you’ve actually lost. These parasites are even more ruthless than the project teams. Now I don’t even dare to follow the hype anymore. In the end, you have to choose a stable chain—these fees can literally kill you. I’ve also experienced that scientist bot operation before, it’s truly hopeless.

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