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What Is ‘Front-Running’ in the Context of MEV?

Front-running is a type of MEV where a miner or validator observes a pending transaction (e.g. a large decentralized exchange trade) and inserts their own transaction ahead of it to profit from the resulting price movement. They achieve this by paying a higher priority fee or by manipulating the block order.

What Is “Miner Extractable Value” (MEV) and How Is It Related to Front-Running?
Define ‘Front-Running’ in the Context of DeFi and Oracle Feeds
Explain the Role of the ‘Mempool’ in Preventing or Causing Front-Running in DeFi
What Is Maximal Extractable Value (MEV) and Its Relation to Front-Running?