Lately, I've been watching the on-chain activity of sandwiches and various "arbitrage" opportunities, and the more I look, the more it feels like picking up shell casings in the ruins of old projects: you think you're seeing an opportunity, but often you're just helping others cover transaction fees and miner tips... Frankly, the slower players are always just the background. Modular, Layer 0 development teams are chatting excitedly, while users are still thinking, "Why did I lose more just by doing a swap?" No matter how fresh the narrative, the pump-and-dump tactics are pretty old.