Shiba Inu Tanks 8% After Problematic Shibarium Launch: Lead Developer Allegedly Says, 'We F***ed Up Hard'
Portfolio Pulse from Mehab Qureshi
Shiba Inu's price has dropped by 8% following the problematic launch of the Shibarium network. Transactions on the network were halted for at least five hours, with users unable to transfer Ethereum and BONE tokens. The Shibarium RPC website is currently inaccessible or experiencing downtime. Shytoshi Kusama, the lead developer of Shiba Inu, admitted in a Telegram channel that they 'f***ed up hard' and can't recover the ETH bridge.
August 17, 2023 | 6:57 am
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NEGATIVE IMPACT
Users were unable to transfer BONE tokens on the Shibarium network following its problematic launch.
The problematic launch of the Shibarium network has impacted BONE as users were unable to transfer their tokens. This could potentially affect the price of BONE in the short term.
CONFIDENCE 100
IMPORTANCE 75
RELEVANCE 50
NEGATIVE IMPACT
Users were unable to transfer Ethereum on the Shibarium network following its problematic launch.
The problematic launch of the Shibarium network has impacted Ethereum as users were unable to transfer their tokens. This could potentially affect the price of Ethereum in the short term.
CONFIDENCE 100
IMPORTANCE 75
RELEVANCE 50
NEGATIVE IMPACT
Shiba Inu's price has dropped by 8% following the problematic launch of the Shibarium network.
The problematic launch of the Shibarium network has led to a drop in the price of Shiba Inu. The inability to transfer Ethereum and BONE tokens, coupled with the inaccessibility of the Shibarium RPC website, has negatively impacted investor confidence.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100