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coinpedia 2023-08-25 07:02:09

MEV Bots Generate Over $2 Million in Profits on Friend.tech!

The post MEV Bots Generate Over $2 Million in Profits on Friend.tech! appeared first on Coinpedia Fintech News Maximal Extractable Value (MEV) bots on decentralized social media platform Friend.tech have generated over $2 million in profit, according to data from Dune Analytics. The bots use a strategy of buying low-cost, newly registered profiles and selling them at a premium. One bot generated nearly $600,000 in value with 96 profiles. The bot activity on …

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