In January 2022, that’s exactly what happened. Two cryptocurrencies used as MIM collateral–Wonderland and Wmemo–plunged 86% and 70% in value, respectively. Worsley’s bot immediately went to work.
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The Secretive World Of MEV, Where Bots Front-Run Crypto Investors For Big Profits
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Liquidation competition during market downturns intensifies systemic risk, as MEV searchers rush to seize undercollateralized assets, accelerating volatility.
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