My theory on fees coming down ... We're in a new quarter, and the A16Z VCs have reassessed their investment expenditures into inscriptions and runes and realizing they've burned a lot of sats unnecessarily. Plus, much of the ETF acquisitions are now done via spreadsheets in Coinbase. As a result, block space demand has noticeably reduced on a temporary basis.

Price pumping because more money started coming in steadily for the past week to week and a half.