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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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Odaily Planet Daily: In the past day, the MEV bot operator using the ENS domain "jaredfromsubway.eth" has spent over 210 ETH (approximately 810,000 USD) 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 this period, making it the address with the highest gas fee expenditure on the Ethereum network.
The bot engages in high-frequency trading, especially for on-chain meme coin traders. Ethereum Meme coins have recently seen a resurgence. From February 2023 to June 2024, the bot has spent a total of 76,916 ETH, which, based on the value at the time of these trades, is approximately $175 million (The Block).