There might be a group with many people who transfer their holdings to an exchange and sell and I think it might be a group of whales?
If there would be whales, why wouldn't they transfer their funds in a much smaller number of transactions?
It has looked to me more like a withdrawal/payout done by an entity to a huge number of addresses, especially as the fees are pretty much similar (which would not be the same if there would be competing trading or arbitrage bots). That's why I was asking.
Last time someone spiked the mempool like this fees went way up almost instantly. They are still sane now.
Last time it may have been a competition between bots and probably the price was also going upwards.
Having the mods remove that post since I guess we can discuss it here....
Thank you.
It wants its share of fun, we have things going down the drain everywhere why not some shitshow here too?
If the price doesn't go up suddenly, I'd expect this get cleared before Monday. Else...
that will be a shitshow, this is nothing yet.
I see people claiming it's Binance consolidating inputs, but I've not seen any proof for that, furthermore, when you fill the blocks with consolidation transactions you tend to have fewer of them, yet in the logs, I see over 2000 tx per block constantly.
I'd expect consolidation be
big transactions, not
many transactions. So I agree, this doesn't look like consolidation.
