• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Altcoin News / Coinbase user becomes trillionaire overnight as exchange rushes to fix error
Coinbase User Becomes Trillionaire Overnight As Exchange Rushes To Fix Error

Coinbase user becomes trillionaire overnight as exchange rushes to fix error

June 25, 2021 by Akash Anand

With the influx of thousands of new users, several cryptocurrency exchanges were finding it harder than before to handle transactions and peripheral activities. Although most issues are rectified by exchanges, some stand out because of their sheer absurdity as was the case with US citizen Christopher Williamson and Coinbase.

On June 24, Williamson woke up to find out that his Coinbase cryptocurrency trading portfolio was worth more than a trillion dollars. Technically this would have made him the world’s first trillionaire but it wasn’t meant to be as he raised the issue on Twitter with a wishful message for Coinbase.

He asked Twitter to explain what had happened to his $20 cryptocurrency purchase overnight and jokingly pondered about putting off his “penguin-shaped megayacht” purchase. According to reports, Williamson was one of several Coinbase users who suffered a display error on their ERC20 tokens during the past week.

Coinbase’s support team was quick to respond to Williamson’s query as they asked him to hold off on his mammoth purchase. The company had tweeted:

Sorry — the penguin yacht may have to wait — our team is aware of the display error causing this wishful thinking for some ERC20s. They’re working to fix — in the meantime, trading the asset will reflect its current market value

Williamson, a nursing student, had purchased $20 worth of RocketBunny to test the portfolio and the deflationary token. The cryptocurrency came into public light when it claimed to one day become bigger than Bitcoin and Ethereum. The cryptocurrency has a maximum supply of 777 quadrillions and had received rave reviews from new entrants to the market. Each RocketBunny transaction incurs a 4 percent tax that is distributed in four equal parts to the participants.

One-fourth goes to the holders while the rest of the parts are distributed equally amongst the Rabbit Hole, locked liquidity, and bonuses. As volume increases, the amount burned increases logarithmically which in turn leads to an exponential decrease in supply. At the time of writing, RocketBunny was trading for $0.00000000036 with Williamson’s news acting as a launching pad for the price. Ever since the news broke, the cryptocurrency saw a 9 percent increase in its value.

Filed Under: Altcoin News Tagged With: Coinbase, Coinbase Pro, Cryptocurrency, rocketbunny

Primary Sidebar

Recent Posts

  • JPMorgan Begins Utilizing Blockchain for Collateral Settlements May 27, 2022
  • MetaMask Joins Hands With Asset Reality to Assist in Recovering Stolen Crypto May 27, 2022
  • Bitcoin knowledge, the biggest flex May 27, 2022
  • Fakesters use LUNA 2.0 airdrops to target users May 27, 2022
  • Tether-ing in Mexico May 27, 2022

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2022 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.