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MEV bot spent more than $150,000 on commission

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

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