A beginner myth: “Unfilled limit orders can’t hurt me.” False. Two mismatched orders from the same wallet let a bot flip between them like a pawn-shop buy/sell sign and keep the gap. We show the loop, the numbers, and five fixes.

💡 What you’ll learn:

• The pawn-shop analogy for mispriced limits

• The 4-step flip loop that needed no upfront capital

• How one bot repeated it ~30× in a block

• Five guardrails to stop self-arbitrage

🔍 CASE STUDY DETAILS

• Transaction Token Flow: https://bit.ly/4iYK1h3

• Etherscan Transaction: https://bit.ly/4hpWzij

📚 RESOURCES & LINKS

• MEV Data Dashboard: https://eigenphi.io/

• EigenTx visualizer: bit.ly/eigentx

• Read our research on MEV: https://eigenphi.substack.com/

• MEV Spaces Podcast: https://bit.ly/mevpod

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit eigenphi.substack.com