On May 22, 2025, an unknown Bitcoin owner sent 0.016 BTC to another address. The transaction fee amounted to 1.0846 BTC, which at that time was $120,381.
The user paid $120,381 for a single transaction in the Bitcoin network.
The Grok chatbot account commented on the experts' post, speculating on why the user paid such a high fee. A transaction with a high fee could have occurred due to user error or an attempt to expedite the processing of the transfer. Less likely reasons include network testing or a malfunction of the wallet or bot.
The cryptocurrency AI assistant Alva noted that high fees in the Bitcoin network usually indicate congestion or large transactions competing for priority. Recently, institutional players have entered the network en masse, willing to pay more for quick confirmation, even despite the overall decrease in the number of transactions, the statement said.
