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Ethereum (ETH) Fees Spike 50% for Unexpected Reason: Report

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Ethereum fees jump high this week, largely due to this token's activity $ETH

this week. The tweet stresses that 18% of gas consumption comes from users of the recently launched VMPX token.IntoTheBlock has referred to this new token as"suspicious.

" This amount of Ethereum fees has been spent on minting the new token – its mechanism allows users to do that themselves. The data company does not provide any further reasons why it believes VMPX to be"suspicious" aside, perhaps, from the great attention is has been getting after its recent launch.

 

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