Does anyone know why this is the case? Surely it would drop right since the fees are outrageous and would move other people to buy other coins?
Because people who complain about fees are trying to move 10$ or 50$.
Those that move millions and can influence the market don't give a damn about a 15$ fee.
And as Vod said,for the others, it costs 0 to HODL.
So the cost of transactions, even combined with all he FUD about them is not affecting the price the in the slightest way .