How On Earth Did This Guy Spend $70 Million On ETH Gas Fees? 👀
This is the most mind boggling question people had when the stats were published about the wallet address that has spent the most on ETH gas fees.
You might have seen this address or ENS name somewhere, or maybe you even got sand-witched by him at some point while doing transactions on the Ethereum Network.
His name is Jared From Subway, a MEV bot that front-runs several transactions on the ETH network.
In total, he has spent 37,000 $ETH on transaction fees, amounting to $70 million, all in less than a year!
In fact, in the last six months alone, he spent $68 million in gas fees, amounting to around 5% of all gas fees on the Ethereum Network.
Another question many wish to find an answer to is: Is he profitable?
The stats are not public yet, but he has go to be profitable. Otherwise, he wouldn't have spent all that money on fees.
