Shiba Inu’s eagerly awaited layer-2 solution, Shibarium, recently made its debut on the mainnet, but the launch did not unfold without its share of complications. While the anticipation was palpable, the event was marred by technical glitches and a series of controversies that have left the cryptocurrency community on edge.
One of the primary concerns stemming from the launch is the unavailability of the Shib Mainnet RPC, which can be accessed through the official website, https://www.shibrpc.com. This unanticipated downtime has ignited worry within the community, particularly given the substantial quantity of Ethereum (ETH) locked in the Shibarium cross-chain bridge. Currently, transactions on the Shibarium network are stuck in a pending state, leaving a staggering $1.7 million worth of ETH immobilized on the cross-chain bridge. The situation has led Beosin, a monitoring entity, to counsel users to temporarily cease any interactions with Shibarium. Notably, the Shibarium testnet’s remarkable achievement of generating over 21 million wallet addresses underscored its pre-launch popularity.
Compounding the uncertainty, an unverified message supposedly attributed to Shiba Inu’s founder, Shytoshi Kusama, has been circulating across social media platforms. The message, which conveys a sense of failure and incapability to rectify issues with the ETH bridge, remains unconfirmed by trusted sources. Consequently, these technical hiccups have exerted a direct influence on Shiba Inu’s market performance. The value of SHIB has tumbled, plummeting to $0.00000931 and indicating a 6.7% decrease, as per CoinGecko data.
Shiba Inu Community Reacts: Social Media’s Fervent Buzz
In the aftermath of the launch fiasco, social media has emerged as a hub for varied reactions to the debacle. Crypto enthusiasts, expressing their skepticism and discontent, have employed platforms such as X to voice their concerns and even ridicule the situation. Amidst the criticisms, proposals for alternative blockchain solutions have been floated, while some have gone so far as to prematurely declare the demise of Shibarium, hardly hours into its inauguration. Meanwhile, the SHIB community remains in limbo as it awaits an official statement from Shytoshi Kusama. The founder, who had been building momentum for the Shibarium launch over several months, has yet to address the controversy head-on.
In conclusion, Shiba Inu’s highly anticipated layer-2 solution, Shibarium, entered the mainnet stage with a mixture of excitement and turbulence. Technical obstacles leading to the unavailability of Shib Mainnet RPC, along with a substantial amount of locked ETH and unverified messages, have cast shadows over the launch’s success. These difficulties have consequently contributed to a decline in SHIB’s market value and triggered a wave of skepticism within the crypto community. As clarity and solutions are awaited, the industry’s eyes remain trained on Shytoshi Kusama’s impending response, eager for insight into the future trajectory of Shibarium.