Solana-based MEV bot nets $1.7M profit in questionable trade

A Solana-based maximum extractable value (MEV) bot recently made headlines by raking a staggering $1.7 million from a questionable trade. The trade-in question involved a trader purchasing a substantial amount of the memecoin Dogwifhat (WIF) in what was deemed the “most inefficient way possible.” MEV bots, automated programs that scan blockchain networks for profitable trading […] source: https://www.cryptopolitan.com/solana-based-mev-bot-nets-1-7m-profit/