After the Babylon airdrop, 256 BTC were redeemed, attracting attention due to high transaction fees
According to mempool founder mononaut, after the token airdrop by Babylon, 256 BTC have been redeemed (pledge cancelled) from Babylon in the past 24 hours. The redemption transactions paid a total of 1.35 BTC in fees and consumed 1.318 MvB of block space. Mononaut believes that the high cost of redemption transactions may be due to large unpledging scripts and for some reason, a fixed fee rate chosen several months ago was locked by the protocol, possibly pre-signed transactions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
「BTC OG Insider Whale」 Agent: Bitcoin, ETH Set to Surge, First Targets at $106,000 and $4,500
Stacks officially launches USDCx, bringing native institutional-grade USD liquidity to Bitcoin L2
Trending news
MoreGrayscale: By 2025, the stablecoin supply will reach $300 billion, with an average monthly trading volume of $1.1 trillion, benefiting multiple token assets
Grayscale: Stablecoin supply to reach $300 billions and average monthly trading volume to hit $1.1 trillions in 2025, with multiple token assets set to benefit
Crypto prices
More
