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The spike is due to the latest mania over pepecoin (PEPE). This development has pushed Ethereum’s transaction costs even higher. At the beginning of this Demand for Pepe Coin (PEPE) has caused a surge in Ethereum (ETH) gas fees. Gas fee on the popular network has reached one-year highs due to increased Ethereum gas fees spiked from 9 gwei to over 45 gwei in the same period, indicating strong block demand. Gwei is a small unit of ether (ETH) equal to one-billionth of an

Pepe Coin Spikes ETH Gas Fee to 1-Year Highs: What's Happening? The latest mania over pepecoin (PEPE) is causing a significant surge in Ethereum (ETH) gas fees. Demand for Pepe Coin (PEPE) has caused a surge in Ethereum (ETH) gas fees, and this development has pushed Ethereum’s transaction costs even higher.

Ethereum gas fees spiked from 9 gwei to over 45 gwei, and at the beginning of this surge, gas fee on the popular network has reached one-year highs due to increased activity. Gwei is a small unit of ether (ETH) equal to one-billionth of an ether, highlighting the rapid increase in transaction costs. Is PEPE's popularity sustainable, or is it a temporary spike impacting the entire Ethereum network? Stay updated on the latest developments and potential impacts.

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