🪙 #Solana MEV Bot Secures $1.7M from a Single Dogwifhat Trade

A Solana-based Maximum Extractable Value (MEV) bot earned $1.7 million in profit from a single trade involving the #memecoin Dogwifhat (WIF).

💰 The bot operated by 2fast executed a strategy of buying 490,000 WIF for 703 #SOL and then selling it for 19,035 SOL within the same transaction bundle.

This trade occurred following a large $8.9 #million purchase of WIF by a trader in a low-liquidity pool, which momentarily spiked WIF's price.

The trader suffered a significant loss, while the MEV bot capitalized on this opportunity.