Can someone explain to me why fees are so high right now?

This is nuts #bitcoin

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Last night there was some ordinal degens paying ~3M sats/vb to get into block 840000 🤡

I saw fees as high as 1993 sats/vb a bit later

Pure insanity

And the 1993 sats/vb later

Wow this is freaking insane 😦

Because of a state level attack on Bitcoin, financed by the CCP and salty BSV/BCH parasites

Runes maybe

new spamming protocal came into existence at block 840,000.

this is a demand side problem...people will unfortunately have to get rekt

Man. Some people love to waste their precious bitcoin 😪

The "rare sats" crowd REALLY wanted to be in that block