Coin Edition -
- A Solana sandwich bot has earned over $30 million through MEV arbitrage.
- The bot utilizes multiple wallets, with one acting as a $16.5 million SOL cold storage.
- The bot’s dominance caused a temporary 15% surge in Solana’s DEX volume, but its activity has since dwindled.
A prominent Solana sandwich bot, known by the wallet initial “arsc4jbD,” has reportedly generated over $30 million through Maximum Extractable Value (MEV) arbitrage over the past two months. The bot’s activities have garnered significant attention due to its substantial earnings and sophisticated operations within the Solana ecosystem.
According to an investigation by on-chain analyst Ben, the bot’s earnings are primarily distributed across two main wallets. The first wallet, “9973…yWp6,” currently holds approximately $16.5 million worth of SOL, equivalent to 114,000 SOL tokens. This wallet appears to be relatively inactive, suggesting it functions as a cold storage or a locked-down reserve.
Meanwhile, the other wallet associated with the bot, “Ai4z…xkkt,” remains highly active within Solana’s DeFi landscape. This wallet gradually converts SOL tokens to USDC stablecoin through the Jupiter exchange dollar-cost averaging service. It reportedly holds notable positions in Kamino and various liquid staking tokens (LSTs).
Over the past 1-2 months, arsc, the infamous sandwich bot on Solana, has pocketed over $30 million