MEV bot on Solana rakes $1.7m in profit, Rebel Satoshi’s potential engages investors
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A Maximum Extractable Value (MEV) bot on Solana recently made $1.7 million from a Dogwifhat (WIF) trade. The $1.7 million profit by MEV bot The bot executed a series of trades involving 703 SOL and 490,000 WIF, converting them back into 19,035 SOL. MEV bots are automated algorithms that scan blockchain networks for profit able trading opportunities. They exploit price differences between exchanges and execute orders according to predefined criteria. The MEV bot used the off-chain block space auction system developed by Jito Labs. This system enables traders to submit transaction bundles with bids for inclusion in Solana, improving transaction reliability and efficiency. You might also like: Solana ecosystem projects for exploration in 2024 The arbitrage opportunity emerged when a trader, “zeroxtrading....