High Gas Fees Alert: Binance Wallet Records $840,000 in Abnormal Ethereum Charges
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 avera...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
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
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This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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