Ethereum Gas Fee Surge: Impact on Users and the Pursuit of Solutions

The Ethereum network is facing rapidly increasing gas consumption, with the median price of ETH gas reaching a 12-month high and average transaction fees surging to around $50. Factors such as high trading activity involving memecoins, escalating demand for transaction processing, and increased NFT trading are contributing to this alarming increase, making simple transactions expensive and challenging for decentralized application developers, traders, and retail investors.

WallStreetBets Token Plummets 90%: Trust, Insider Sales & Recovery Prospects

The WallStreetBets token experienced a shocking 90% drop within 24 hours due to an insider selling off a significant portion of WSB tokens. This prompted a chain reaction with other token holders also dumping their holdings, contributing to the severe price collapse. The situation raises concerns about project safety and trustworthiness, emphasizing the volatile nature of cryptocurrency markets.