The Shiba Inu project has been experiencing FUD after its newly launched Shibarium project faced some technical difficulties.
Investors are now considering PEPE and Dogecoin as better investment options despite Shibarium developers assuring the community that all is well.
Shiba Inu has come under pressure in the last couple of days following some technical failures with Shibarium. After the launch of the much-anticipated Ethereum layer 2 solution mainnet, there was much concern about a possible technical flaw in its Ethereum bridge. A technical hiccup has led to nearly $1.7 billion in funds being stuck in the Shibarium bridge.
The SHIB community has since faced Fear Doubt and uncertainty (FUD) which has been evident in the SHIB price movement. In the last 24 hours, the token has lost more than 7 percent which has pushed its weekly losses above 15 percent. For a majority of holders, this was far from the expected results from the Shibarium launch.
Related: Shiba Inu: All $1.7B Funds Ar

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