Price Dip Disappoints Holders
The launch of the Shibarium mainnet, a layer 2 scaling solution for Ethereum, has left many Shiba Inu holders disappointed as the price of related tokens experiences a sharp decline. SHIB is down 8.1% in the past 24 hours, while BONE has fallen more than 14%, and the LEASH token plummeted 23.5%.
Potential Hiccup in the Launch
Reports have emerged of a potential issue with the Shibarium launch. Screenshots of an internal Telegram conversation between developers reveal that the team was unable to recover assets bridged to the network. The RPC, a key blockchain client software, was described as "dead," and the block explorer was deemed "awful."
Technical Problems and Loss of Funds
The Shibarium Scan block explorer shows that the last block was added 7 hours ago, with preceding blocks still awaiting import. Users have reported technical issues with the block scanner, being unable to query their bridged balance over the RPC. The Shibarium RPC website is currently down.
Flawed Bridge and Loss of Funds
Community members speculate that these problems may indicate a flawed bridge, potentially resulting in the loss of nearly $2.46 million. This amount includes $1.7 million worth of Ether (ETH) and $762,000 worth of BONE, Shibarium's governance token.
