Endless opportunities, 100% winning rate, how does smart money make money through CEX listings?

The market is experiencing a surge in altcoin prices as BTC repeatedly attempts to break through the $10,000 mark. In recent days, many altcoins have seen price increases of over 20%. While the on-chain market has seen a slight downturn, large MC memecoins like Chillguy, Clanker, and Virtual continue to appear. The on-chain market is not limited to Solana, as memes on Base are also gradually breaking through their ceilings. You can refer to the author's other article: "The Base ecosystem is quietly brewing 100x opportunities, what are the speculative targets?" However, aside from trading coins on exchanges and on-chain PVP, there are also many "risk-free passive income" opportunities. For readers with technical resources and capabilities who can access the "technology" sector, you can imitate the news trading method of Formula News ("Earning millions in 2 seconds, millisecond-level information asymmetry, unraveling the wealth leap of the post-00s billionaire"). However, there are still many manual "passive income" opportunities in the market. How to Obtain a 5x Return Without Risk from OL? On November 18, OKX announced the launch of spot trading for the native token OL of Openloot. The deposit opening time was 2 pm on the same day, the batch auction time was 8 pm to 9 pm on November 19, and the opening time was 9 pm. However, with a little diligence and research, you can obtain risk-free returns. Let's look at the fundamentals of Openloot. Openloot is a game Non-Fungible Token trading platform, where users can use OL as a payment method when purchasing or renting, buying time crystals, or buying NFTs from the main sales. The initial circulation of OL is only 200 million, but the total supply is 5 billion, with an extremely low initial circulation rate. At the batch auction stage on November 19, the batch auction price of OL was around $0.02 (eventually opening at $0.01). Based on $0.02, the circulating market cap of OL is only $4 million. A $4 million market cap is almost like "giving away money", although OL has already risen so much and still only has an $80 million market cap, it is highly cost-effective. If you didn't manage to buy the low-priced OL in the batch auction, but OL maintained a market cap of around $10 million for a long time after the opening, the risk-reward ratio would still be very high. Blue-Chip Project Arbitrage, the Textbook Case of Morpho The second case is the MORPHO announced by OKX on November 20. Although MORPHO's market cap is not as "cheap" as OL's, the opportunity still exists. First, let's still look at the fundamentals of the project. MORPHO is an old DeFi project from 2021, with a total supply of 1 billion tokens, but only 100 million in circulation, with a total market cap of around $100 million. A $100 million market cap is not high or low, and does not seem to have a favorable risk-reward ratio in most people's eyes. But on the afternoon of November 21, from 5:05 pm to 6:05 pm, MORPHO began its batch auction. The opening price of the batch auction once reached $4, while the initial price on-chain was only around $1. After seeing the batch auction price, we have about an hour to withdraw tokens from the chain and deposit them into the exchange. Even if your withdrawal speed is slow, MORPHO still gave plenty of opportunity. After opening at $5, MORPHO hovered around $2 for a long time. At this point, many smart money also discovered the arbitrage opportunity and pushed MORPHO's price on Uniswap to around $1.3-$1.4. The arbitrage opportunity still existed within an hour after the opening, until about two hours later when the price difference was completely eliminated. Typically, there are many "uncatchable opportunities" in exchange announcements, but the methods for OL and MORPHO are not entirely the same. For different tokens, you also need to "tailor the strategy", and different listing strategies have different "risk-free passive income" methods.