Pseudonymous Trader Jaredfromsubway is Back With a More Profitable MEV Bot
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
Pseudonymous trader Jaredfromsubway.eth has reemerged with a revamped MEV (Maximum Extractable Value) bot that is generating substantial profits.
The trader has been deploying new arbitrage and sandwich attack strategies that have earned him millions in Ethereum (ETH).
Jared, who gained notoriety in 2023 by amassing millions of dollars in ETH through similar tactics, appears to have discontinued his previous contract address.
However, as reported by MEV tracking site EigenPhi, the trader has not retired from the scene.
Instead, he has launched a new contract that has been wreaking havoc on-chain with sophisticated trade-squeezing methods.
EigenPhi’s analysis reveals that Jared’s new contract was created using the same public/private key pair as his original bot.
The confirmation links the new address directly to Jared, the same entity responsible for raking in millions within just three months of launching in 2023.
MEV, or Maximum Extractable Value, refers to the process of reordering transactions within a block to maximize profit.
This practice is especially prevalent on decentralized exchanges like Uniswap, where the sequence of transactions can significantly impact trading prices.
Both ethical and malicious actors engage in MEV to reorder or exclude transactions to their advantage.
Jared’s new contract has already processed over 85,000 transactions, generating approximately 765 ETH, equivalent to nearly $2 million at current market prices.
The data, pulled from EigenPhi’s Dune Dashboard, highlights the effectiveness of Jared’s
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