ChainCatcher message, mempool.space data shows that Bitcoin network transaction fees have soared to over 400 satoshis/byte, with medium priority currently reported at 430 satoshis/byte and high priority at 610 satoshis/byte. The reason is that Ordinals founder Casey has deployed a new rune MEMENTO•MORI, which will start minting at block height 868186, with a total of 100 million runes, reserving 50%.

ChainCatcher news, Ordinals & Runes founder Casey posted on the x platform that so far UNCOMMON•GOODS has minted 14,785,627 pieces, and it will take another 3.7 years for the price to potentially rise above the transaction cost. In fact, it is a low time preference junk coin.It is reported that UNCOMMON•GOODS is the 0th genesis rune that Casey participated in hard coding.