MEV arbitrage bot on Solana network makes $1.8 million profit

One operator of an MEV arbitrage bot on the Solana network made $1.8 million in profits from a single transaction. The bot, operated by 2Fast, converted 703 SOLs (worth approximately $70,000) into 19,035 SOLs (approximately $1.9 million) in 20 seconds. Part of the profit, 890 SOL, was given to network validator Figment as a tip. This was originally noticed by X user @norbertbodziony. This profit was earned using the MEV strategy on yesterday’s trade of meme coin dogwifhat (WIF).