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New ERC-20 token VMPX triggers Ethereum burn spike, consumes $3M in gas fees in 24 hours
VMPX, a newly launched ERC-20 token, is responsible for over 30% of all Ethereum (ETH) burns in the last 24 hours, according to data from Ultrasound.money. Software engineer 0xCygaar first called attention to the project, claiming its minting contract had no purpose except to increase the network’s overall gas usage. “The top ETH gas guzzler […]
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