Dogecoin briefly broke Robinhood’s crypto trading systems

This time, the asset in question is Dogecoin: a cryptocurrency (which was created as a joke in 2013) popular among Redditors and with Tesla (TSLA) CEO Elon Musk that surged to all-time highs this week.

Late Thursday, as Dogecoin rallied past 25 cents for the first time, high demand put “extreme pressure” on Robinhood’s crypto trading systems, the company said in a blog post Friday. As the platform was processing orders, “one of our systems failed, which brought down our crypto order system.” Within an hour, the system had recovered save for some “intermittent issues,” and everything was fixed within two hours, Robinhood said.

Dogecoin is up around 468% since last Friday and more than 6,000% since the start of the year, according to CoinMarketCap. On Friday, trading volume of the asset rose nearly 300%.

Robinhood sought to reassure customers in its Friday blog post, but it also warned that more issues could arise.

“As one of the few platforms where customers can purchase Dogecoin, our platform is right at the center of this surge,” Robinhood said, adding that it rose to the top of the Apple App Store’s top free apps list Friday. “Our teams are working around the clock to provide you with the highest level of service possible, and as interest in crypto continues over the weekend, we may continue to see intermittent service interruptions.”