It appends another sleep each time you start a new shell, so it subtly slows down over time.
The first time it does it once, the second time the statement is there twice so it does it twice, then 4, 8, 16, etc. ?
echo sleep 0.01 >> ~/.bashrc
adds this to .bashrc; sleep 0.01
It doesn't add itself, so the sleep tie grows linear by 0.01sec each time a shell is opened.