A MEV Bot became the address with the highest gas fee expenditure on the Ethereum mainnet in the past day, spending more than 210 ETH

Odaily Planet Daily News: In the past day, the MEV bot operator using the ENS domain name "jaredfromsubway.eth" spent more than 210 ETH (about $810,000) on gas fees on the Ethereum network. According to Etherscan data, this amount accounts for nearly 1.5% of all gas fees on the network during the period, making it the address with the highest gas fee expenditure on the Ethereum network. The bot conducts high-frequency trading, especially targeting on-chain meme coin traders. Ethereum Meme coin has recently seen a resurgence. From February 2023 to June 2024, the bot spent a total of 76,916 ETH, which is approximately $175 million based on the value at the time these transactions were executed. (The Block)