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850. Ethereum Supply Crash + 10X Gas Fees | $ETH Deflation Begins!

850. Ethereum Supply Crash + 10X Gas Fees | $ETH Deflation Begins!
Nov 11, 2022 · 19m 25s

Ethereum network fees skyrocketed tenfold on November 8. This, paired with the ongoing crypto market crash, has triggered a decrease in the coin’s price to below the $1,200 level. The...

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Ethereum network fees skyrocketed tenfold on November 8. This, paired with the ongoing crypto market crash, has triggered a decrease in the coin’s price to below the $1,200 level. The prices of other tokens have also declined sharply over the past 24 hours. On the other hand, this has caused a massive burning of $ETH supply, reaching it's most deflationary point since the merge.

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Author Rever Networks
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