Data: MEV Bot profits over $110,000 from MC/BEAM arbitrage opportunities within 12 seconds

ChainCatcher news, according to Arkham monitoring, yesterday the old token MC of Merit Circle could be purchased and converted to BEAM, then sold at an actual value of 4 times the price. The first MEV Bot to realize this made $111,400 through this transaction in about 12 seconds.

It is reported that Merit Circle previously swapped its MC tokens for BEAM. Some on-chain traders mistakenly thought this was an opportunity to acquire the new token at a low price, thus creating this arbitrage opportunity.