About 24 hours ago, Herald Sheets reported an astronomical transaction fee used to send just $133 in ETH. As if that’s not enough, the same address has sent different amount with the same transaction fee of 10,668 ETH.
Whale Loses another 10,668 ETH to Exorbitant Transaction Fee
As reported by Etherscan and shared via the official Twitter handle of ICO Analytics, an Ethereum whale that lost 10,668 ETH to an exorbitant transaction fee, has made another loss of the same magnitude to send 350 ETH.
The new development implies that the Ethereum Whale has now lost 21,336 ETH worth $5.2 million within 24 hours.
According to the report, the transaction took place at block 10241999, which was mined by Ethermine. The firm has not released an official statement at the time of writing, however, ICO Analytics reported that the two Ethereum (ETH) pools are ready to discuss a possible solution with the owner of the address.
Image Credit: Etherscan
“Oops, I did it again. Following yesterday’s record high ETH transaction fee the same account has sent another transaction with the same tx fee: 10,668 Ether. Both ETH pools are ready to discuss the possible solution with account owner,” ICO Analytics reported.
Oops, I did it again. Following yesterday’s record high ETH transaction fee the same account has sent another transaction with the same tx fee: 10,668 Ether. Both ETH pools are ready to discuss the possible solution with account owner. https://t.co/GHeKtmPQLQ pic.twitter.com/D2l8B7BFTq
— ICO Analytics (@ICO_Analytics) June 11, 2020
Earlier Cases of Unusually Higher Fees on Ethereum (ETH)
Sometimes in March 2020, someone made the transfer of a Synthetics Network Token (SNX) worth $0.00000001 using Ethereum network and paid 656 ETH in transaction fee that was relatively $80,000 at the time of the incident.
The transaction was reportedly effected by the addresses belonging to CoinOne, a well-known South Korean crypto exchange.
According to the exchange back then, “it was a mistake due to changes in the eternal system recently. We have reorganized the protocols of the transaction testing process to avoid the same mistake.”
Also, in early 2019, a significant transaction fee of 3150 ETH worth $450,000 at the time of the incident was reported.