• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Analysis of MEV Sandwich Bot 'arsc' Profiting $30 Million from Solana Users

user avatar

by Giorgi Kostiuk

a year ago


The notorious maximal extractible value (MEV) sandwich bot, known as 'arsc,' has accumulated approximately $30 million from Solana users in the past two months through MEV attacks. An MEV sandwich attack occurs when an attacker strategically places a victim's transaction between two of their own transactions to manipulate prices and profit. By buying the victim's token at a lower price than market value and selling it in the same block, they exploit the system to their advantage.

In a recent post on X, Ben Coverston, the founder of cryptocurrency firm MRGN Research, described 'arsc' as a bot that has actively avoided detection while generating profits from the Solana network. The bot's primary wallet address, '9973h…zyWp6,' is believed to be used mainly for cold storage, with holdings of over $19 million consisting of Solana tokens, Circle's USD Coin, wrapped-SOL, Cringe Coin, and Kabosu.

Another wallet, with the address 'Ai4zq…VXKKT,' is more engaged in decentralized finance activities, converting SOL into USDC through JUP DCA and having significant positions in Kamino and various LSTs. This wallet holds approximately $9.9 million in total funds, comprising mostly non-SOL tokens.

Coverston identified a third wallet, 'BCbrp…vi58q,' as 'arsc's' primary SOL bank, utilizing multiple signers and tippers to conduct sandwich attacks. The combined holdings of the three wallets amount to $29.8 million at current prices as the operator behind 'arsc' maintains a low profile to avoid unwanted attention.

MEV sandwich bots employ sophisticated algorithms to exploit profit opportunities and are prevalent not only in Solana but also in Ethereum. These bots have caused significant losses to Ethereum users and have been a concerning issue in the crypto space. Understanding the tactics and strategies used by such bots is crucial to mitigating risks and protecting assets in decentralized networks.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Algorand (ALGO) Aiming for $0.50: Current Trend Analysis

chest

Algorand (ALGO) price changes after a long decline. Current analysis indicates bullish trends and potential support levels.

user avatarGiorgi Kostiuk

Explore Potential Altcoins: BlockDAG, Chainlink, XRP, and Cardano

chest

Overview of BlockDAG, Chainlink, XRP, and Cardano, their features and relevance in the market.

user avatarGiorgi Kostiuk

WLFI Token Prepares for Trading with $16 Billion Market Valuation

chest

The WLFI token, tied to a DeFi initiative, is set to debut on exchanges with a valuation of $16 billion. Negotiations for exchange listings are ongoing.

user avatarGiorgi Kostiuk

Latest News on Pi Network, Binance Coin, and BlockDAG in the Crypto Space

chest

An overview of the current state of Pi Network, Binance Coin, and BlockDAG in the cryptocurrency market.

user avatarGiorgi Kostiuk

Crypto News: BlockDAG, Mantle, and Ethereum Show Growth

chest

BlockDAG partners with Seattle Seawolves, while price predictions for Mantle and Ethereum turn positive.

user avatarGiorgi Kostiuk

BlockDAG Launches with 7-Day Access Window, VeChain Stays Flat, Pi Coin Drifts

chest

BlockDAG offers unique early access to coins upon launch as VeChain and Pi Coin stabilize at their levels.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.