Someone Sent Nearly $200 Million In Bitcoin By Paying Just $1.89 In Fees, And It’s Nearly 96% Cheaper Than Fiat
Posted On January 27, 2025
A Bitcoin (CRYPTO: BTC) transaction worth nearly $200 million was accomplished by paying a fraction in fees, reaffirming the cost-effectiveness of blockchain technology.
What happened: The transaction, originally broadcast on the Bitcoin network on Friday, shows 2000.05830161 BTC valued at $197.63 million, requiring just $1.89 in fees paid to miners, according to blockchain.com.
According to BitInfoChart, the average transaction fee on the Bitcoin blockchain was 0.000014 BTC, worth $1.42, declining sharply over the last week.
It was not immediately clear who initiated the transaction and what …
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