ETH Gas Fee Soars to 222 Gwei as Binance Consolidates ETH Wallets
- Ultrasound.Money data shows that the ETH gas fee has soared to 222 Gwei.
- The increase happened as Binance began its proof-of-reserve checks for .
- A global audit firm confirmed Binance has more BTC to protect customer deposits.
Data from Ultrasound.Money, an analytic firm tracking the Ethereum (ETH) blockchain activities, shows that the ETH gas fee has soared to 222 Gwei in the last 24 hours. Collin Wu media believe the unprecedented increase happened as the largest crypto exchange, Binance, began its proof-of-reserve checks for Ethereum tokens.
It added that Binance consolidated ETH tokens from multiple addresses to its hot wallet labelled Binance14 for its next POR verification stage, pushing the network’s gas fee high.
The Ethereum Gas fee once soared to 222 Gwei, as binance consolidated funds from countless deposit addresses to the Binance14 hot wallet in preparation for the next stage of POR check. Binance has completed its BTC reserve and is starting an ETH check. https://t.co/Tan4AEjNMn
The post ETH Gas Fee Soars to 222 Gwei as Binance Consolidates ETH Wallets appeared first on Coin Edition.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
