What is happening ?

[pokxon]

In the recent time, anyone using an ERC20 wallet will get angry. Personally, I am extremely angry because gas prices are so high that I can not make a transaction. This phenomenon is considered a network congestion because there are many transactions that send a token with gas price 1. Until now this has been followed by an ERC20 token named WPKG.

[owmivmen]

Yes last week the price of gas is very expensive. many have complained about the huge cost of sending token costs.

[IyemRoker]

it's true and it hurts my feelings a lot.
it's better to stabilize around 12,000 gas for each transaction.

even though the gas has gone up to 21,000 and I have sent gas needing 54,000 for one token. OMG !!!!

[Andruha1993]

I agree with you that sometimes the ETH network is overloaded. But you just need to wait a few days and make transactions. Personally, I do so!

[inewoods]

This might be a good sign that many transactions is taking place at the moment, therefore it leads to traffic congestion happening. On the other hand which can also means many people is selling their coins because of the bearish market either back to fiat or something more stable like btc or usdt.