Bitcoin network transaction fees soar to 500 satoshis/byte, possibly caused by exchanges consolidating wallets

Odaily News According to mempool.space data, the Bitcoin network transaction fee has soared to 500 satoshis/byte, with medium priority temporarily reported at 520 satoshis/byte and high priority temporarily reported at 521 satoshis/byte. According to community analysis, the surge in network transaction fees may be caused by the OKX collection wallet.