The Ethereum (ETH) network experienced a surge of abnormally high gas fees on Thursday, with over 140,000 transactions directed to a wallet address labeled by Etherscan as “Binance 14.”
While the Ethereum network’s average gas fee hovered around 10 gwei, Binance’s transactions consistently paid fees exceeding 300 gwei, or around 30 times higher than what was needed.
300 gwei equals around $10….
Read More: High Gas Fees Alert: Binance Wallet Records $840,000 in Abnormal Ethereum Charges