An unknown Bitcoin investor pays tens of thousands of dollars in transaction fees to move a small amount of BTC.
According to the latest block explorer data, the user has sent a total of 0.01088549 BTC worth $ 194 to an unknown wallet and spent 2.66 BTC worth $ 47,000 in transaction fees.
The transfer took place first sighted through the automated distributed ledger tracking tool Bitcoin Block Bot.
The expensive transfer is due to the fact that Bitcoin’s transaction fee is falling sharply.
BitInfoCharts Reports The current average transaction fee is only 0.00027 BTC worth $ 4.82. This represents a 63% decrease from transfer fees in October, when fees rose to an average of $ 13.15 after the leading cryptocurrency breached the key resistance of $ 10,000.
Earlier this month, two Bitcoin whales moved nearly half a billion dollars worth of BTC and paid a combined transaction fee of just $ 46.
The case of the unusually exorbitant transaction fee is likely the result of human error. The Bitcoin user may have made a mistake while manually creating the BTC transaction.
In addition, Block Explorer data indicates that the transaction may be a self-transfer as no changes have been made. In many cases BTC Transactions They have two exits: one for payment and one for returning the change, if any, to the user.
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