A technical glitch on CoinMarketCap caused confusion across the crypto community after erroneous data briefly suggested that BabyDoge had flipped Bitcoin (BTC) to be the world’s largest cryptocurrency. The glitch also elevated Cheems (CHEEMS) to the fourth spot on the rankings.
BabyDoge Flips Bitcoin, Ethereum, and XRP on CoinMarketCap
CoinRemark reported the development on X earlier today, noting that BabyDoge ranked as the number-one cryptocurrency, with an audacious market cap of $129 trillion and 24-hour and 7-day gains exceeding 100,000,000%. Cheems, another meme coin with a considerable following, also reached fourth place, overtaking XRP and BNB along the way.
However, the milestone was short-lived after it was discovered to be a technical glitch from the popular crypto data aggregator. Nothing in the actual order books suggested any explosive breakout. There were no unusual volumes, no major announcements, and no whale-driven surges.
For many newer investors, it looked like a historic market event. Searches such as “BabyDoge flips Bitcoin” began trending as users scrambled to understand what was happening.
How the Error Happened
CoinMarketCap rankings are driven by a straightforward formula: token’s price multiplied by circulating supply. When either variable is reported inaccurately, the algorithm can produce distorted results. In this case, incorrect supply metrics tied to BabyDoge caused the system to calculate phantom gains, pushing it artificially above Bitcoin.
The platform was not reflecting real trading activity on exchanges like Binance, where BabyDoge is actively traded. Instead, the glitch highlighted a structural weakness common to centralized data platforms, which depend heavily on automated inputs. A small misreport can suddenly make a meme coin look bigger than the entire global economy.
CoinMarketCap resolved the error within minutes, restoring proper market data and rankings. BabyDoge quietly returned to #244, Cheems returned to #166, and Bitcoin returned to its spot at the top of the table.
Baby Doge Coin & Cheems Maintain Bullish Outlooks
Before the rankings went haywire, Baby Doge Coin’s price action was relatively routine. The Dogecoin spin-off was trading within its usual range with a realistic market cap of around $128 million.
Cheems had similar price movements, benefitting from the ongoing altcoin uptrend. Daily movements were modest, in line with other primary community-driven tokens like DOGE, SHIB, XRP, and LINK.
Both memcoins maintain their bullish outlooks, with Baby Doge Coin up 16% on the weekly timeframe despite a ranging start to the day. Cheems has dropped by 2% over the last 24 hours.
The CoinRemark Team
