Me thinking the mempool is indicative of societies acceptance of current market price.

Empty/low fee pools indicate disagreement and hodling

Heavy pools indicating peak bull markets

MoE changes the game.

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or slice it with Occams razor and you get:

people hold Bitcoin as an investment and think it will increase in value. they DGAF about MoE.

Those people don't know what mempools are.

Lightning has taken considerable pressure off the mempool. But yes.

Paper Bitcoin probably more so.