CoinMarketCap Confirms Price Data Inconsistency, Investigation Underway

On September 3, CoinMarketCap, the leading cryptocurrency data platform, announced via its X platform that it is aware of inconsistencies in the price data displayed on the site. The platform confirmed that its development team is actively investigating the issue and working on a fix.Community members had reported significant abnormalities, including short-term plunges of more than 90% for multiple tokens. Notably, the market value of Toncoin (TON) appeared to shrink dramatically from $13 billion to less than $150 million during the glitch.CoinMarketCap's team has yet to provide a timeline for the resolution, but the issue has sparked concern among users relying on the platform for accurate market data.