Due to the announcement made by Trader Joe's founder, the transaction fee for a single transaction on the Avalanche network has surged past 4 US dollars

According to Avascan data, the current average Gas fee on the Avalanche network has reached 5,110.30 nAVAX (approximately $4.41). Earlier today, Trader Joe's founder Cryptofishx launched an asc-20 standard inscription (Avascription) BEEG on social media and stated that this inscription has no roadmap or practical use case; it is merely a social experiment. It is reported that 37% of BEEG was minted within 2 hours and 15 minutes after its launch, with about 4300 holders in total. Cryptofishx has apologized for causing congestion on the Avalanche network and is discussing solutions for this issue.