A certain MEV bot spent 49 ETH in transaction fees for a single transaction

2024-06-28 23:38:50

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ChainCatcher news, monitored by Cointelegraph, reports that an MEV bot using the ENS domain "jaredfromsubway.eth" spent 49 ETH in transaction fees for a single trade tonight, worth approximately $171,000.

According to Etherscan data, the bot primarily targets on-chain memecoin traders. From February 2023 to June 2024, the bot has spent a total of 76,916 ETH, approximately $175 million.

MEV (Maximal Extractable Value) strategies include gaining an advantage by manipulating the order of transactions, such as through sandwich attacks. MEV bots ensure priority processing of transactions by paying high gas fees and tips.

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MEV bot memecoin trader

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