TTL exceeded in transit

I Have a question to MT team/gurus.
Why wireshark (sniffer) shows me “TTL exceeded” in case of traceroute from my PC (192.168.200.254)
Is it Normal? Loks like TTL setup to 1 (???)
Could somebody from MT check this. This is valid for 4.x and 5x. version.
ttl.jpg
1.jpg

This is proper traceroute behavior. Read below for more info.
How does traceroute work?

Thank you.