Significant Earnings of a Solana Sandwich Bot Through MEV Arbitrage

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by Giorgi Kostiuk

2 years ago

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A remarkable Solana sandwich bot, identified by the wallet initials 'arsc4jbD,' has purportedly amassed more than $30 million via Maximum Extractable Value (MEV) arbitrage in the previous couple of months. The bot's operations have attracted considerable interest due to its substantial profits and intricate maneuvers within the Solana ecosystem. An investigation by on-chain analyst Ben revealed that the bot’s earnings are predominantly spread across two primary wallets. The first wallet, '9973…yWp6,' presently holds around $16.5 million worth of SOL, equivalent to 114,000 SOL tokens. This wallet seems relatively inactive, indicating it may serve as a cold storage or a securely locked reserve. In contrast, the other wallet linked to the bot, 'Ai4z…xkkt,' remains highly active in Solana’s DeFi realm, progressively converting SOL tokens to USDC stablecoin through the Jup…

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