MEV bot jaredfromsubway.eth paid a total of 40.14 ETH in fees – about $151,000, according to Etherscan.
The transaction took place in the pool of the decentralized exchange Uniswap. The trader planned to exchange Beam (BEAM) tokens for MAGA (MAGA).
As a reminder, MEV is an activity aimed at maximizing benefit by rearranging transactions in a block. Bots use this approach to increase associated costs.
In particular, we have previously repeatedly noted the activities of jaredfromsubway.eth. In 2023, this bot earned about $6 million in profit in three months.
In November 2023, an unknown liquidity provider on Uniswap lost $700,000 due to MEV bot activity.
It is noteworthy that the EU regulator classified this type of activity as market abuse.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
