Solana Sandwich Bot Earns Over $30 Million Through MEV Arbitrage

According to Odaily, blockchain analyst Ben has reported that the Solana Sandwich Bot has earned over $30 million through Maximum Extractable Value (MEV) arbitrage in the past two months. The bot has transferred 114,000 SOL, equivalent to approximately $16.5 million, to a less active address for safekeeping. In addition to this, the bot has another wallet that is actively participating in Solana DeFi. It is gradually converting SOL into USDC through Jupiter DCA and is active in Kamino and various LSTs. The controller behind the bot is using a large number of different signatories to obscure their activities and profits.