![Ethereum (ETH) Fees Spike to 87 Gwei as Meme Coin Frenzy Continues](https://thenewscrypto.com/wp-content/uploads/2023/04/What_are_MEV_Sandwich_Attacks_and_Why_Everyone_in_Crypto_Should.jpg)
Ethereum (ETH) Fees Spike to 87 Gwei as Memecoin Frenzy Continues
The current enthusiasm for memecoin has led to higher gas costs on the Ethereum network, which peaked at 87 gwei on May 2. This price rise is the consequence of the enthusiasm causing excessive congestion. Last time Ethereum median gas was this high was in May 2022 ⛽️ source: https://t.co/bjIOV2m4Cd
May 5, 2023 2 mins read