Shiba Inu and Other Coins Briefly Surge to Quintillions of Dollars on CoinMarketCap Due to Glitch

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Alex Dovb­nya

Cryp­tocur­ren­cy users sud­den­ly turned into bil­lion­aires and tril­lion­aires thanks to a hilar­i­ous Coin­Mar­ket­Cap glitch 

Cryp­tocur­ren­cy prices shot into the stratos­phere on Coin­Mar­ket­Cap due to a glitch expe­ri­enced by the world’s top cryp­tocur­ren­cy rank­ing website.

Bit­coin, Ethereum, Lite­coin, Stel­lar and oth­er top coins reached quin­til­lions of dol­lars worth of value.

CMC
Image by coinmarketcap.com

Meme coin Shi­ba Inu briefly appeared at the top of the list, with Coin­Mar­ket­Cap show­ing its price sky­rock­et­ing by a stag­ger­ing 67 bil­lion per­cent. The price of the token was inflat­ed to $22,000.

The price of Ether increased to $524 bil­lion, which is actu­al­ly high­er than the real mar­ket cap­i­tal­iza­tion of the meme cryptocurrency.

Some apps that use data from Coin­Mar­ket­Cap were also affect­ed by the appar­ent bug, with their users expe­ri­enc­ing a momen­tary rush of excitement.

Overnight “gazil­lion­aires” were busy cel­e­brat­ing their fake for­tunes.
 

Some cryp­tocur­ren­cy prices start­ed incor­rect­ly dis­play­ing on Coin­base, the largest exchange in the U.S.

Coin­Mar­ket­Cap has addressed the inci­dent in a tweet, claim­ing that it has fixed the issues that caused price irreg­u­lar­i­ties. The Binance-owned web­site will reboot its servers to get things back to nor­mal in accor­dance with its reme­di­a­tion plan.

Glitch­es are not that uncom­mon on the lead­ing cryp­to web­site. In Jan­u­ary, as report­ed by U.Today, the mar­ket cap of Wrapped Bit­coin (wBTC) briefly reached $400 quadrillion. 

Elon Musk reacts to the CoinMarketCap bug 

The Coin­Mar­ket­Cap bug wasn’t left unno­ticed by Tes­la CEO Elon Musk, who was named Time Magazine’s per­son of the year on Monday.

Musk react­ed with the pop­u­lar laugh­ing cry­ing emo­ji to a tweet post­ed by Doge­coin co-founder Bil­ly Markus, in which he jokes about his tax brack­et ris­ing due to being an “unre­al­ized quadrillionaire.”

As report­ed by U.Today, Musk tweet­ed that he would become the world’s first Doge­coin tril­lion­aire in October.



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