​Ethereum Bot Operated by Jaredfromsubway.eth Bags More Than $ | Crypto Bubble

​Ethereum Bot Operated by Jaredfromsubway.eth Bags More Than $40 Million in Three Months

An Ethereum bot run by pseudonymous crypto user Jaredfromsubway.eth has made $40 million in just three months by using a technique known as "sandwiching" on decentralized exchanges (DEXs).

The bot operated by Jaredfromsubway eth is a so-called MEV bot designed to use “sandwiching” techniques – essentially front-running other traders – on DEXs where popular meme coins such as Pepe Coin (PEPE) are traded.

MEV is short for maximal extractable value, and represents the maximum value validators can extract from a block on the Ethereum blockchain by reordering, inserting or censoring transactions within blocks.

According to a report by EigenPhi, a site that analyzes the decentralized finance (DeFi) market, jaredfromsubway’s bot earned a total of $40 million over the course of the 3 months through a combination of front-running and holding on to the right tokens.