Ethereum Whale Sends Another Transaction With Identical $2.6 Million Fee
In Brief
- An Etheruem whale has sent another transaction with an identical $2.6 million Ethereum fee.
- This is the second massive fee transaction by the wallet in the last 24-hours.
An Ethereum whale made crypto headlines earlier today after a mere 0.55 ETH was sent with a massive 10,668 ETH (~$2.6 million) fee.
However, as pointed out by Twitter user, @WhalePanda, the same wallet made another transaction with an identical fee of $2.6 million in Ethereum.
This time the whale sent 350 Ethereum (~$86,000). While this transaction was greater than the 0.55 Ethereum (~$135) sent in the prior transaction, it still does not warrant a massive $2.6 million Ethereum fee.
Ethereum Fees On The Rise
Regardless of today’s outlier, Ethereum fees have also been rising in recent months. According to Blockchair, the average transaction fee on the Ethereum blockchain yesterday was 0.002315 ETH (~$0.57).
With the Ethereum fee on the rise and Bitcoin fees on the decline, the fee spread between the two largest cryptocurrencies is decreasing.
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