I was checking mempool and saw the transaction fee sky rocketing. I am not sure what happened suddenly as these fees are way beyond anyone's imagination. Later on, I did found out that Binance has listed Ordinals (ORDI). I want to ask the community whether the severe high transaction fee occured because of the listing?
Definitely not related since Bitcoin high transaction is already there few days ago when the pump to 35k started. Probably the hype on that token is due Bitcoin Ordinals popularity now that the mempool is already being flooded by Ordinals transactions.
Withdrawal on that token is already suspended by exchange due to high fee. While the pending transaction volume is not growing either.