Ninjastic
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Post
Topic
Board Altcoin Discussion
Re: High gas fee for sending token is still a problem
by
racminer
on 09/04/2023, 03:31:19 UTC
Quote from: BlackBoss_ on Today at 03:23:35 AM
Quote from: racminer on Today at 03:10:02 AM
I came across a strange Ethereum wallet https://etherscan.io/address/0x4DE23f3f0Fb3318287378AdbdE030cf61714b2f3 with unusual behavior. The transactions have abnormally high fees which far exceed the amount transferred. Obviously a sweeper bot is in action here. It seems that 99% of the funds are spent in fees!
It is abnormal activity but is it affected you and your transactions on ERC20 chain?

I check and see Gas now is 20 to 21 Gwei that is not different than the last weekend. Days ago, Gas dropped to 17 to 18 Gwei too. I don't say it is cheap transaction fee as it is about $0.8 to $1 for one transaction but you don't have to spend 200 to 280 Gwei like that user to have quick confirmations.

No, it is not affecting me, but I am trying to understand why someone would desperately want to have quick confirmations and spend almost all funds."