The transaction fee for the Bitcoin network has surged to over 400 satoshis per byte
Data from mempool.space shows that the transaction fee for the Bitcoin network has surged to over 400 satoshis/byte, with medium priority temporarily reported at 430 satoshis/byte and high priority at 610 satoshis/byte. The reason is that a new rune called MEMENTO•MORI deployed by Ordinals founder Casey will start minting at block height 868186, with a total volume of 100 million runes, reserving 50%.
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