TechFlow reports, according to Cointelegraph monitoring, an MEV bot using the ENS domain "jaredfromsubway.eth" spent 49 ETH in transaction fees—worth approximately $171,000—on a single trade tonight.
According to Etherscan data, this bot primarily targets memecoin traders on-chain. From February 2023 to June 2024, it has spent a total of 76,916 ETH, equivalent to about $175 million.
MEV (Maximal Extractable Value) strategies involve gaining advantages by manipulating transaction ordering, such as through sandwich attacks. MEV bots ensure priority processing by paying high gas fees and tips.
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