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$XRP Ledger architecture reduces exposure to Ethereum-style mempool backrun MEV, shifting arbitrage toward low-latency market-making between ledger closes.
What happened on Ethereum:
1. The order sold 50,432,688 aEthUSDT and received only 327.24 aEthAAVE (about 154,115 USDT/AAVE effective).
2. That execution pushed 17,957.81 WETH into a thin Sushi AAVE pool and got only 331.305 AAVE out, creating a huge temporary price distortion.
3. Two bots immediately backran it in the same block (24643151) and drained the bad price:
0x4538…d4ab: 128.566 AAVE -> 17,929.770 WETH
0x8bd9…34d7: 202.376 AAVE -> 27.882 WETH
So the “money bot” profit came from arbitrage/backrun extraction after the giant bad swap distorted pool pricing.