Why Did Shibarium Fail? Team's Reason Might Shock You

The Shib army was disappointed after the much-anticipated launch of the Shibarium protocol failed to meet expectations that matched the hype as transactions got stuck just after the mainnet launch. With the team failing to beat everyone's expectations, there has been growing Fear, Uncertainty and Doubt (FUD) in the ecosystem.

Timeline of Shiba-inu

The Shiba Inu community recently faced a whirlwind of emotions with the launch of Shibarium, its Layer 2 (L2) scaling solution. This highly anticipated event was marred by a significant setback: over 1,000 ETH became temporarily trapped in the bridge contract.

Shibarium's much-anticipated launch had a rocky start when bridging issues left $2.5 million worth of assets trapped on-chain. Shiba Inu's anonymous lead developer, Shytoshi Kusama, initially dismissed the concerns, but blockchain data suggest a different reality.

Beleaguered crypto lender Voyager is selling troves of its Shiba Inu (SHIB) holdings as it liquidates millions worth of the crypto asset on the US-based digital asset exchange Coinbase. Data from the blockchain analytics platform Lookonchain shows that in the last several days, Voyager sold 49 different tokens on Coinbase amounting to about $63 million.

According to the project's lead developer, Shibarium, the layer-2 scaling solution for the Shiba Inu (SHIB) has experienced a significant influx of users and transactions following its recent launch. Shibarium, the newly launched layer-2 scaling solution for the Shiba Inu (SHIB) cryptocurrency, has faced technical difficulties due to an unexpected surge in user activity and

A mysterious Shiba Inu (SHIB) whale is suddenly moving trillions of SHIB as the project launches its new layer-2 scaling solution, Shibarium. New data from whale-surveying platform Whale Alert reveals that a deep-pocketed SHIB investor has abruptly shifted a staggering 4,654,881,590,632 tokens, worth about $40.7 million, from one unknown wallet to another unknown wallet.

The Shiba Inu (SHIB) ecosystem was buzzing with anticipation as the Shibarium network launched. But instead of a triumphant entry, SHIB tokens nosedived by around 9%, catching many investors off guard.

The lead developer of memecoin Shiba Inu (SHIB) says that the project's new layer-2 scaling solution Shibarium is doing just fine after experiencing a “massive influx” of users.

Shiba Inu (SHIB), a dog-inspired meme coin, originally dismissed by many as just another fleeting fad, is now drawing serious attention from big players, or “whales,” in the crypto space. This attention comes amid the tokens' recent sloppy launch of its other project, Shibarium.

Shiba inu fell lower for a fifth straight session on Thursday, resulting in the meme coin dropping to a 13-day low. Since hitting a four-month high last Saturday, SHIB has struggled to find a firm floor. On the other hand, Solana ended a recent losing streak.

What was supposed to be a celebration day for the broader Shiba Inu (SHIB) ecosystem turned out to be gloomy when the price action in the ecosystem is factored in. Amid these slumps however, data from crypto analytics platform IntoTheBlock (ITB) reveals that while most SHIB metrics are in the red today, its Daily Active User (DAU) count has maintained a strong upshot of 37.73% to 8,210.