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Bitcoin Forum / Re: Fee Finally Down below 40 Sat/vb
« on: January 06, 2024, 05:04:45 PM »Okay, but does anyone know what is the reason for the fee correction?
As I know, there are a lot of spammers on the network, even Ordilans. For example, a bunch of dust transactions with high fees. paying a fee $5 to transfer $0.24
Not sure WTF is they doing. This is not the first time. I have seen such transactions for over a month now where the paid huge fees to transfer a small amount of sats. Probably they are sending it to some services to release their staked shit coins or something. Or maybe they are airdrop farmers who have to show on-chain activity so they can get eligible for the airdrop. If you have ever farmed airdrops, you may know how they work.
Let's say a BRC-20 Shit token will be airdropped. But, to be eligible for that airdrop, you have to do some activity on their platform which is why you may need a small amount of satoshis. Since you are looking for the airdrop, you had to pay the big fee because the time is limited. You cannot wait until the mempool cool down. This is the most logical answer I have. If not this, then I do not have any F**king idea about it.