Coin Edition -
- Crypto whale pays $150,000 in fees for a tiny Ethereum transaction.
- MEV Bots to blame for Ethereum’s soaring gas fees.
- Ethereum users demand solutions as network congestion cripples transactions.
Whale Alert spotted a bizarre transaction costing 40 ETH ($150,470) in gas fees, on May 31, 2024.
The transaction originated from the wallet of well-known memecoin and NFT enthusiast, jaredfromsubway.eth. The transfer went to the MEV Bot wallet. What makes the fees paid so bizarre is the fact that it was paid to transfer a meager 0.000012 ETH, worth $0.05.