Frenzy in Meme Coin $PEPE’s Price Spreads Wealth to Ethereum Blockchain Validators

On May 6, the total reward in MEV revenue was at 549.05 ETH and 2,457.73 ETH in gas fees, for a total of 3,006.78 ETH (worth $5.6 million at current prices). On Nov. 9, at the height of the FTX collapse, MEV revenue was at 2,505.69 ETH while gas fees were at 1,423.99 ETH, for a total revenue of 3,929.68 ETH ($6.1 million).

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