Crypto Prices Seemingly Jump by Billions of Dollars as CoinMarketCap Goes Berserk

It appears as though the price of every coin jumped by several orders of magnitude, with the price of a single Ethereum coin, for example, rising to more than $500 billion (Real price: Around $3,800.) Bitcoin, meanwhile, jumped to around $789 billion. That put Bitcoin’s market cap at somewhere between a quadrillion dollars and the Moon.

Between the time the issue first appeared and it apparently being fixed—apparently, a couple of hours, according to CoinMarketCap and social media activity—countless crypto bros saw their net worth skyrocket into Elon Musk territory.

Sadly, false dreams of trashing the boss’s office and buying a libertarian island paradise off the coast of New Zealand were quickly dashed. And CoinMarketCap was so kind as to mock the hopeful with fun, cool tweets.

While CoinMarketCap is having a grand ol’ time, it’s obviously not clear how many people cashed out somehow thinking the price of the Shiba Inu crypto had really jumped to over $22,000 when, in reality, its price is currently $0.00003365 per coin. Hopefully, most investors checked the real exchange rate before blowing all their, uh, hard work (?) because of a screwy website.