Shiba Inu's Shibarium Launch Woes and Crypto Underperformance
TL;DR
The launch of Shibarium, a project by Shiba Inu, faced challenges as bridging issues resulted in $2.5 million worth of assets being trapped on-chain. The project's lead developer claims 'funds are safu' and denied any bridge-related issues. However, blockchain data and the inaccessibility of the blockchain scanner raise doubts about the network's stability. Both SHIB and BONE tokens have dropped by over 15% in the last 24 hours.
Topics:businesscryptocurrency#blockchain#bridging-issues#crypto-assets#cryptocurrency#shiba-inu#shibarium
- Shiba Inu Botches Shibarium Launch, $2.5M in Crypto Stuck Crypto Briefing
- Is Shiba Inu a Buy Now? The Motley Fool
- “All Is Well”: Shiba Inu Lead Developer Addresses Shibarium Launch Bitcoinist
- Shiba Inu Tumbles 12% In Single Day Amid Wider Crypto Downturn, Underperforms Dogecoin, Pepe Coin Benzinga
- Shiba Inu's Shibarium Network resumes block production after brief pause Cointelegraph
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