Thousands of Coinbase and Crypto.com users are frantically trying to check their massive gains of Shiba Inu; the only problem is both platforms crashed.
After Shiba Inu market cap spiked to $39 billion and surpassed both USDC and Doge, holders found they weren’t able to log in to their mobile apps.
The technical glitch is believed to be the direct result of Shiba hitting a new all time high at $0.0000865, which caused crypto users to flock to both Coinbase and Crypto.com.
Elon’s “none” tweet appeared to had no effect on Shiba and the coin is looking to spike even more.
Look at some of these tweets of users who experienced the crash:
Coinbase Crashes as Shiba Inu Goes Ballistic After Surpassing Dogecoin. #Infohub #CryptoNews #CryptoTwitter #SHIB #ShibaInu #CryptoAddicts #Dogecoin #Shibarmy #Coinbase https://t.co/kU4AAtrckz
— Hasely .A. Winn ® ☄️ (@Iamdgenius33) October 27, 2021
I can't believe newbies in crypto crashed coinbase by buying Shiba inu 😂😭 #SHIB pic.twitter.com/FjVSdcSEAs
— Matrixxx (@The_Matrixxx_) October 27, 2021
Forbes had more on the story:
Shiba inu coin was trading at $0.00006799 early Wednesday afternoon, up 43.3% in the last 24 hours and 141.5% in the past week, according to data from CoinGecko, giving it a market cap of $33.3 billion, the 9th most among cryptocurrencies.
Dogecoin, billionaire Elon Musk’s favorite cryptocurrency, was the 11th largest digital token with a $32.5 billion market capitalization, according to CoinGecko.
Meme coin Shiba Inu surpasses doge by market cap as supporters petition Robinhood to list it https://t.co/csTX1Tke4V pic.twitter.com/aUPcsFbi3r
— Forbes (@Forbes) October 27, 2021
Shiba Inu fetches a new ATH — 3 reasons why SHIB keeps jumping higher https://t.co/fCywi4sbUY via @cointelegraph
— amir.k (@amir_gm) October 27, 2021
The U Today got the scoop too:
Coinbase, the largest crypto exchange in the U.S., is currently down.The website has been offline for over 15 minutes. The exchange’s status page says that it is experiencing “connectivity issues.”
Some speculate that the severe outage is linked to unprecedented traffic caused by the Shiba Inu frenzy.
After surpassing the market cap of archrival Dogecoin on both CoinGecko and CoinMarketCap earlier today, Shiba Inu soared even higher, reaching yet another all-time high of $0.00008519.
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