Shibarium Bridge Token Withdrawals Go Live After Initial Setbacks
Portfolio Pulse from Murtuza Merchant
Shibarium, a platform under the Shiba Inu (CRYPTO: SHIB) umbrella, has announced that token withdrawals from its bridge are now operational after initial software glitches. The platform has over 65,000 wallets and 350,000 transactions to date. The Shibarium team thanked the Polygon (CRYPTO: MATIC) team for their support during the initial issues. Withdrawals for Shib, Leash (CRYPTO: LEASH), and Weth (CRYPTO: WETH) are expected to take between 45 minutes to three hours, while Bone (CRYPTO: BONE) withdrawals might require up to seven days.
August 28, 2023 | 2:54 pm
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Bone (CRYPTO: BONE) withdrawals from the Shibarium bridge might require up to seven days.
The relatively long withdrawal time for Bone could deter some investors, potentially leading to a short-term decrease in its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
The Shibarium team thanked the Polygon team for their support during the initial software glitches.
The support provided by the Polygon team to Shibarium during its initial issues could enhance Polygon's reputation in the crypto community, potentially leading to a short-term increase in its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Shibarium, under the Shiba Inu umbrella, has resolved initial software glitches and token withdrawals are now operational.
The resolution of software glitches and the operational status of token withdrawals could boost investor confidence in Shiba Inu, potentially leading to a short-term increase in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100