SHIB Price Dumps As Devs Reopen Shibarium to Ethereum Bridge
The second most prominent meme coin, down 2% on Monday, is trading at $0.00000795. If bulls fail to reclaim support at $0.000008, investors may want to start acclimatizing to losses extending to $0.000007 and $0.0000062 – lower buyer congestion areas. advertisement Shibarium Relaunch Fails To Trigger SHIB Price Rally Shytoshi Kusama, SHIB’s lead network developer, has released updates on the new Shibarium layer 2 solutions protocol today. Following the mainnet’s launch the week before, the protocol encountered scalability issues, forcing developers to take it offline. The developers spent the last week solving the scalability challenges and enhancing network security, culminating in reopening the bridge to Ethereum to allow for withdrawals to take place seamlessly. Users on the platform can now freely withdraw various tokens, including SHIB, LEASH, and wrapped Ether (WEth). The pseudonymous developer said that withdrawals would be processed wit...