The post Shibarium Launch Impact: Decrypting the Core Factor Behind SHIB Price Slump appeared first on Coinpedia Fintech News
Amidst a wave of anticipation, the Shiba Inu community found themselves greeted with a surprise they hadn’t bargained for. The grand reveal of Shibarium, Shiba Inu’s answer to scalability via a layer-2 solution, took an unexpected turn, casting a shadow on the SHIB token’s market performance.
Trapped Assets and Stalled Transactions
Unveiling a system to enhance user experience and processing speed, the Shibarium mainnet found itself entangled in a web of technicalities soon after its launch. Blockchain monitoring platform, Beosin, painted a concerning picture: transactions hanging in limbo with no resolution in sight. With over $1.7 million in ETH tied down on the Shibarium cross-chain bridge, the system seemed paralyzed.
To further grasp the magnitude of this mishap, one only needs to glance back at the explosive interest Shibarium garnered during its tes
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