I wonder how long this can be sustained and how crazy the mania becomes, if these Runes make it to exchanges, there's plenty of exit liquidiity for etchers and minters to dump on retail and realise gains,

I think these big fees are VCs and they're happy to say oh minting poopoo coin cost x million dollars therefore thats the floor is X, and the price of token is now Y and then sell into the late comers, could see plenty of normies getting rekt, which is part of the cycle I suppose

One aspect I am interested in is how this affects miners, do miners factor this into their income calcs and go deploy over and above what they can manage when these fees disappear in a bear market? Last cycle plenty of miners missed the mark and got rekt, this additional fee incentive market could make that a lot worse