An apparent glitch had crypto fans confused on Thursday, after CoinMarketCap showed Wrapped Bitcoin had swelled to a market value beyond $432 quadrillion.
This mistakenly ranked Wrapped Bitcoin — which is an ERC-20 that represents Bitcoin — as the number one digital asset in the world, way ahead of the $735 billion crypto that underpins it.
Over on Messari, Wrapped Bitcoin is still the 13th largest crypto asset by market value, worth $4.6 billion. That’s a little more than Craig Wright’s BSV and a bit behind Stellar Lumens.
But CoinMarketCap feeds data to a host of crypto portfolio apps — meaning the erroneous market value messed with apps around the world, all while BTC was edging closer to $40,000 once more.
So far, CoinMarketCap hasn’t addressed the situation on Twitter, but the site has since returned to normal.
However, CoinMarketCap did ominously post an update this morning that reads:
“Have you noticed that our page auto reloads crypto prices? Happy with the change? What other features would you like to see added?,” before signing off with a fun meme from the hit TV series Lost.