“Support responded to the user on June 18. Williamson updated on twitter on Monday that the value of his account was still going up, but he could not cash out as it had been frozen by Coinbase. Despite numerous pleas to both Coinbase and RocketBunny, the problem of a $1 trillion balance in his trading account could not be sorted out till the time of publication. Williamson’s harrowing experience did not end soon. Yes, that’s 12 decimal points after the zero! The value of the cryptocurrency has nosedived 76 per cent over the past 22 days, making the possibility of Williamson becoming a trillionaire because of the cryptocurrency a near impossibility. The cryptocurrency was last quoting a price of $0.000000000036. As volume increases, the amount burned increases logarithmically, eventually leading to an exponential decrease in supply.” This is how RocketBunny describes its currency: “Each transaction incurs a 4% tax that is distributed in four equal parts: 1% to holders, 1% burned to The Rabbit's Hole, 1% locked liquidity, and 1% as a bonus to liquidity providers. The concept of the cryptocurrency is unique to bigger and more popular peers like Bitcoin and Ethereum. RocketBunny is a recent entrant in the world of cryptocurrency promising to be a deflationary token with a maximum supply of 777 quadrillion. They're working to fix - in the meantime, trading the asset will reflect its current market value,” the Coinbase twitter handle responded to Williamson’s tweet two days later.īefore dwelling deeper into Williamson’s troubles, it is important to acknowledge the cryptocurrency Williamson purchased for $20. “Sorry - the penguin yacht may have to wait - our team is aware of the display error causing this wishful thinking for some ERC20s.
#cryptotrillionaire /dyxKvx11WS- Christopher Williamson June 16, 2021
I got a mega yacht shaped like a penguin on standby. I’m gonna need someone to explain what the heck is going on and then write me a check. The balance being reflected on Williamson’s Coinbase account was a ‘technical error’.
It turned out, that the $20 worth of RocketBunny cryptocurrency that Williamson had purchased using his Coinbase account had not turned into more than $1 trillion overnight.
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