However, prominent investor Michael Burry, known for his involvement in The Big Short, dismissed the coin on Saturday, despite it having more than tripled in value over the past week.

The Scion Asset Management boss shared Coinbase's description of the meme token in a now-deleted tweet, highlighting that its supply exceeds a quadrillion coins.

He tweeted: “Just saying, one quadrillion seconds is about 32 million years.

“One quadrillion days is 2.7 trillion years, or all of time, from the beginning of the universe, multiplied by 71,000. In other words, pointless.”

Read More