MEV bots are software applications programmed to track the Ethereum blockchain for new transactions, identify opportunity for sandwich attacks and front-running transactions. The bot is not limited to performing sandwich attacks; it also holds onto some of the altcoins in the back-run transactions when their prices are increasing. By holding onto $PEPE, for example, the bot is able to generate even more profits.
MEV bots are software programs that run algorithms to detect and execute profitable MEV opportunities on the Ethereum blockchain. They typically use web3 libraries and APIs to interact with Ethereum nodes, DEXs, and other smart contracts targeting meme tokens on Pancakaeswap and Uniswap. MEV bots can operate in different ways depending on their optimization.
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.
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