It's 845216, do YOU know what's happening in YOUR mempool?

Imo these are Kraken and Binance rune splitting transactions, they get ready to list a bunch of op_retokens for their next big crypto industry narrative. They do it slow and steady, there's no rush to get it done. Anyway it's the sell-in-May-and-walk-away time of the year. The rush will come >September and from China.

This cycle, the crypto industry dropped the mask and presents itself through meme coins as what it is, an branch of the gambling industry. The big exchanges need a little more than that, they have an expensive infrastructure to uphold so they continously have to craft new narratives. Gaming done, decentralized storage etc done, AI done, memes done, focus has shifted to Bitcoin more than ever. So they be crafting some new slot machines close to bitcoin.

This is what they do, this is what you see here. Luckily, exchanges won't be settling each and every BTChitcoin (I can do this all day) trade onchain so fees won't be as high as they were.

However I look at this, I can't see a way back from the new Bitcoin centric narratives. You're not simply stepping back from Bitcoin, the closer you come, the stronger the pull. Everything collapses into the corn and this is completely okay.