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🚀 Scroll Users Face Excessive Transaction Fees Due to Multiplier Increases
Scroll users incurred over $50,000 in additional transaction fees following six manual multiplier increases that elevated Layer 1 data charges to 1,280 times the original baseline. According to NS3.AI, L2BEAT reported that approximately 139,000 transactions were impacted over a span of roughly four days, with the baseline cost estimated at around $280. On April 9, the team reduced both multipliers by 160 times. Etherfi Cash bots contributed approximately $35,000 of the excess fees during etherfi's migration to Optimism.
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Justin Sun Transfers $245M in ETH
Justin Sun's team has transferred 70,182 ETH to HTX, valued at approximately $245 million. This includes 42,905 ETH unlocked from Lido Finance and 27,277 ETH from Etherfi. Since November 10, Sun has deposited 179,101 ETH worth about $645 million in total, averaging $3,601 per ETH. Analysts suggest Ethereum could outperform Bitcoin in January 2025, potentially increasing the ETH/BTC ratio above 0.04, which may spur altcoin growth. Historical Bitcoin prices show significant growth leading up to Christmas over the years with predictions continuing for 2025. Spot On Chain | Cointelegraph | Simply Bitcoin TV
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