Hey folks,
Today I was really surprised when traders are willing to pay nearly 12% transaction fee to get slot to buy token of SpiderDAO.
As far as I know the way to join SpiderDAO's Presale is first come first serve, only 100 fastest people are chosen to buy tokens. So traders must choose Gas price more than 500 wei to scramble for slots.
Here's a picture I gathered from a member of SpiderDAO Presale's participationWhat do you think about Defi's hype this time? Why are people willing to pay such a large fee like that ?

Probably someone from the team himself buying it to give a hype to their names

We are still in the DeFi hype? I thought we moved to next stage of cryptocurrencies bullish season.