Last night before bed, I checked the blockchain and saw someone once again interpreting the movement of exchange hot and cold wallets as "smart money," with a bunch of follow-the-leader emotions in the comment section... What I care more about is: the last person you followed into that trade, who ended up at the tail of that queue.

This kind of "queue jumping" in MEV, to put it simply, the ones who suffer the most are small traders and urgent orders. You think the transaction price is just a little off, but in reality, someone snatches or clips your order in the sorting process, and the slippage quietly increases, as if profit is being stolen. My obsessive-compulsive tendencies make me try multiple routes, split orders, set stricter slippage limits—tinkering for half an hour to save a few bucks, but at least I don’t want to be the one used as liquidity stepping stones.

I can't say whether it's fair or not; anyway, on-chain queuing always makes the slower ones pay the tuition. That’s all for now, I’m going to sleep.