Jaredfromsubway.eth is a well-known figure in the crypto world, mainly due to his infamous MEV bot that runs sandwich attacks. This bot runs two transactions before and after the original swap transaction of an unsuspecting user, manipulating the price of the asset being swapped to make a profit. According to an analysis by hildobby on Dune, Jaredfromsubway.eth has spent the highest amount of gas in terms of ETH, with over 37k ETH or $70M spent. This is more than 5% of the total gas spent in the last 6 months.
Using the MEV bot to run these sandwich attacks, Jaredfromsubway.eth is able to take advantage of the Ethereum price and make tremendous gains. The MEV bot utilizes the mempool, a record of all unconfirmed transactions in the Ethereum network, to search for transactions that have a higher than normal Ethereum price. It then quickly submits two transactions before and after the original transaction.
Jaredfromsubway.eth gets its name from the former spokesperson for the Subway fast food chain, who was convicted for child pornography and pedophilia in 2015 and was sentenced to 15 years in prison.
It is no wonder that Jaredfromsubway.eth has been able to make such a large profit from his MEV bot. With over $70M in gas spent, it is incredible to think about the potential gains that could be made. Clearly, this kind of attack has the ability to bring in huge profits to the individual who knows how to utilize it.