According to Galaxy Research, Bitcoin's network has seen approximately 40 daily inscriptions composed of random characters over the past three weeks. After analyzing 562 samples, researchers found English letters appeared with a frequency of 3.6% to 4.2%, significantly different from natural text distribution. On-chain transaction patterns showed automated characteristics, with transaction chains extending up to 86 consecutive transactions. The project had transferred approximately 3.33 million satoshis, with about 24% spent on miner fees. Galaxy Research concluded the activity resembles a data publication tool test on Bitcoin mainnet rather than an attempt to transmit hidden information.

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