Could be a DoS attack by a nation state?
Discussion
If I was a mining pool, I'd create these meme coins and let the degens gamble on it for huge amounts of fees. The miners are creating their own work and fleecing shitcoiners out of their btc. If mining is this profitable for longer amounts of time, more miners will step in to solve the 'problem' no?
It looks like a lot of transactions, which would mean a lot of meme coins? Seems more likely it's either DoS or miners / mining pools colluding to earn more tx fees rather than an effort to sell meme coins. Who would buy that special meme coin out of so many? BTW the mempool is looking a bit better today.