Ok I admit it. Sometimes I watch mempool for fun. It’s relaxing.

Anyway. Can someone explain to me why there are so many transactions where the fee is so much higher than the value of BTC sent? Who does this and why?

See: https://mempool.space/tx/80d1d8bdc812bdf609df6eebcbe141035ba09afe1eafa6b78176cbd7eefacff5

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https://bitfeed.live/

This is pretty sweet to watch

It could be an exchange processing customer withdrawals.

Likely altcoin minting or ordinals! 🐶🐾🫡