In the fast-paced world of blockchain, where meme tokens thrive on hype and innovation, a recent tweet from trend spotter Pix🔎 (@PixOnChain) has set the crypto community buzzing. Posted on September 20, 2025, the tweet highlights an astonishing feat by a Maximal Extractable Value (MEV) bot operated by @Cbb0fe, a prominent figure in the crypto space known for riding the waves of "magic internet money."

For those new to the term, MEV refers to the profit that can be extracted from blockchain transactions by reordering, including, or excluding them in a block. MEV bots are automated programs that scan for these opportunities, often in arbitrage or liquidation scenarios, to snag profits before others do.

According to the tweet: "holy shit just found out @Cbb0fe’s mev bot burned 20.5k $HYPE in gas fees that’s 20% of all $HYPE ever burned on hyperevm and it did more txs than hyperlend, driptrade, pendle, opensea, felix, project x, and hyperpie… combined are we in the hyperevm <> hypercore arb supercycle?"

This is backed by two eye-opening charts from a Dune dashboard shared by @wintermute_research.

The first chart breaks down gas usage on HyperEVM, the Ethereum Virtual Machine (EVM) layer integrated into the Hyperliquid blockchain. Hyperliquid, for context, is a high-performance layer-1 blockchain that's gained massive traction, with its native token $HYPE rocketing into the top 10 non-stablecoin assets by market cap. Gas fees on HyperEVM are paid in $HYPE, and a portion is often burned to reduce supply, adding deflationary pressure that can pump the token's value.

Here, the MEV bot labeled "MEVCBBOFE" (likely tied to @Cbb0fe) has burned over 20,574 $HYPE in fees, accounting for a whopping 20% of all burns on the network. That's more than established protocols like Dune (17.4%) and others combined in some segments.

The second chart focuses on transaction volume, or "actions," where the same bot has executed a staggering 4,643,286 transactions—surpassing the combined activity of heavy hitters like HyperLend (a lending platform), DripTrade (for trading), Pendle (yield trading), OpenSea (NFT marketplace), Felix, Project X, and HyperPie.

This level of activity suggests intense arbitrage (arb) plays between HyperEVM and Hypercore, possibly exploiting price differences across these ecosystems. Arbitrage is when traders buy low in one market and sell high in another, pocketing the difference. In a "supercycle," this could mean a self-reinforcing loop where increased activity drives more burns, higher token value, and even more participation—perfect fuel for meme token mania.

Community reactions in the replies echo the excitement and skepticism. EricF (@EricCLFung) called it "wild" and gave props to @Cbb0fe for potentially kickstarting the supercycle. TraviSKrypto (@__traviSKrypto) noted how this could create "cascading opportunities" for other bots and traders. STAR. (@starrrrweb3) simply declared it the "hyperevm cycle," while Humphery bams (@humph_bams) warned of imbalances if bots outpace real protocols, questioning sustainability.

For meme token hunters, this is gold. $HYPE, with its explosive growth, embodies the hype-driven narratives that define memes. If this arb supercycle takes off, it could lead to more $HYPE burns, tightening supply and potentially mooning the price. But remember, blockchain ecosystems like Hyperliquid (hyperliquid.xyz) are still evolving—HyperEVM only launched earlier this year with a $1M bug bounty to boot.

Whether this signals the dawn of a new era or just a flash in the pan, it's a reminder of how bots and arbs can supercharge networks. Keep an eye on @Cbb0fe and HyperEVM dashboards on Dune for updates. If you're diving in, always DYOR—do your own research—and manage risks in this volatile space.