According to TechFlow, Cointelegraph monitored that the MEV robot using the ENS domain name "jaredfromsubway.eth" spent 49 ETH transaction fees in a single transaction tonight, worth about $171,000.
According to Etherscan data, the bot mainly targets on-chain memecoin traders. From February 2023 to June 2024, the bot spent a total of 76,916 ETH, or about $175 million.
MEV (Maximum Extractable Value) strategies involve manipulating the order of transactions to gain an advantage, such as mezzanine attacks. MEV bots ensure that transactions are prioritized by paying high gas fees and tips.
