SHIB, BONE, and LEASH tokens have experienced a significant dip in price following the launch of Shibarium, a layer 2 scaling solution for the Ethereum network. Rumors are swirling about a major technical error in the new network, which may have contributed to the decline.
Crypto Shorts: Shiba Inu token holders were hopeful that the launch of Shibarium would lead to a surge in prices for SHIB, BONE, and LEASH. However, their expectations were shattered as prices dropped rapidly. At the time of reporting, SHIB’s price is down 8.1% in the last 24 hours, BONE has fallen more than 14%, and LEASH saw a decline of 23.5%.
Screenshots of an internal Telegram conversation among Shibarium developers suggest that the team encountered difficulties in recovering assets bridged to the Shibarium network.
Reports indicate issues with the RPC and block explorer, leading to concerns about a flawed bridge and potentially lost funds. It is estimated that the total amount of locked funds affected could reach around $2.46 million, comprising $1.
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