CyberKongz burn $4M worth of ETH in 24 hours.

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Kilv3r is looking for a male

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CyberKongz VX was largely responsible for the huge amount of Ethereum burned this weekend. CyberKongz, a collection of monkey themed NFTs, has burned $4 million (~£2.88 million) in ETH fees in the past 24 hours. The artworks have caused gas prices to skyrocket.

The Ethereum network hit a peak burn rate of 27.90 ETH per minute Sunday as users competed to mint CyberKongz VX NFTs.

Sources:

https://www.cointribune.com/en/columns/the-nft-column/cyberkongz-4m-burned-in-24-hours/

https://cryptobriefing.com/nft-gorillas-burn-90000-ethereum-per-minute/

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isStreetZ

Burnt ETH? Gains for me. Love 1559.

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Posted: 3 years ago
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