• The Shiba Inu project has been experiencing some FUD after its newly launched Shibarium project faced technical difficulties, leading to $1.7 billion in funds being stuck in the bridge.
• Investors are now considering PEPE and Dogecoin as better investment options, despite Shibarium developers assuring the community that all is well.
• Lead developer Shytoshi Kusama has also reassured the community that all funds are safe and the technical issue is not a flaw with Shibarium but a result of an influx of transactions.
Shiba Inu’s Shibarium Project Causes Fear within SHIB Community
The Shiba Inu project recently launched its much-anticipated Ethereum layer 2 solution mainnet, however, it faced some technical failures during launch which caused $1.7 billion in funds to get stuck in the bridge. This led to investors considering other investment options such as PEPE and Dogecoin instead of SHIB due to fear, doubt and uncertainty (FUD). Additionally, whales have been selling off their SHIB tokens for three days straight which further adds to the FUD surrounding this project.
Technical Issues with Shibarium Bridge
Following the launch of Shibarium there was much concern about a possible technical flaw in its Ethereum bridge which led to nearly $1.7 billion in funds getting stuck in it. This issue caused FUD amongst investors who were expecting great returns from this project post-launch and pushed SHIB prices down by more than 7 percent over 24 hours and 15 percent over a week’s time frame.
Response from Lead Developer Shytoshi Kusama
Lead developer Shytoshi Kusama responded to the growing FUD by reassuring investors that all funds are safe and that their technical difficulty was not an issue with Shibarium but instead due to an influx of transactions and users at the time of launch. He also shared a blog post regarding this issue on his website where he addressed investor concerns directly.
Investor Considerations for Alternatives
Despite efforts from lead developer Kusama, investors are still hesitant about investing in SHIB due to fears about its stability and potential return on investment (ROI). Investors now look towards alternatives such as PEPE or Dogecoin (DOGE) which offer potentially better ROI chances than SHIB at this moment in time. However, only future developments can determine if these alternative investments will be more successful than investing in SHIB tokens directly.
The launch of Shibarium brought along some unexpected issues which have since caused fear amongst investors who had high expectations following months of development under lead developer Shytoshi Kusama’s supervision. Despite reassurances from him personally that all funds are safe, many investors remain scared by these events and have since looked towards alternative investments such as PEPE or Dogecoin (DOGE). Only time will tell whether these alternatives will offer better ROI chances than investing directly into SHIB tokens themselves