According to BlockBeats, a bug on the CoinMarketCap website led to incorrect valuations for meme coins BabyDoge and CHEEMS. The glitch resulted in BabyDoge's market capitalization being inaccurately calculated at $127.91 trillion, surpassing Bitcoin's market cap of $1.87 trillion, with a 24-hour increase mistakenly recorded at 100,549,628%.
CHEEMS also experienced errors due to the bug, with its price incorrectly listed as $0.00103 instead of the actual $0.00000103. Its market capitalization was erroneously set at $194 billion, placing it above USDT and XRP, and briefly ranking it fourth in the crypto market. The 24-hour increase for CHEEMS was inaccurately recorded at 98,132%.
The bug was swiftly corrected following feedback from the community.
