The MEV bot “jaredfromsubway.eth” is responsible for 7.26% of the total gas spent on the Ethereum (ETH) network in the last 24 hours, according to data from Dune Analytics.
According to the data, the bot spent 560.08 ETH (worth $1.1 million) on gasoline in the last 24 hours. The same address is responsible for around 4.5% ($2.5 million) of gas fees spent on the blockchain over the past week.
The list of top gas spenders on Etherscan corroborates the above . This means that the bot has spent more on gas than Layer 2 ETH networks like Arbitrum and Optimism during this period.
Data research company NFT Sealunch saying the bot has spent more than 3,720 ETH ($7 million) on gas fees and has made more than 180,000 transactions in the last 2 months.
seal lunch aggregate that most of the bot transactions were sandwich attacks targeting merchants trading small-cap tokens such as PEPE, BONZI, and WOJAK. Sandwich attacks are often used to advance transactions from unsuspecting users for profit.
Meanwhile, the bot’s transactions also drove up ETH gas fees, according to the analyst Hildobby. According data From ultrasound.money, the network’s base fees went from less than 20 gwei on April 12 to 146.82 GWEI on April 19.
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