Shiba Inu Token Takes a Hit, Drops 10% Due to Shibarium Code Drama

NFT Studio 24
2 Min Read

Shiba Inu Token has witnessed a drop of 10% in its value amidst the drama surrounding the Shibarium code. The Shibarium code has been a topic of controversy within the Shiba Inu community since its inception.

The much-awaited Shibarium blockchain released its beta version for the layer 2, which is meant to facilitate decentralized applications on the Shiba Inu blockchain, has been under scrutiny due to alleged security vulnerabilities. Some members of the community have called for the code to be audited and fixed before it is implemented.

The drama surrounding the Shibarium code has had an impact on the value of the Shiba Inu Token. The cryptocurrency, which has been on a rollercoaster ride in recent months, fell by 10% following the news.

This is not the first time that the Shiba Inu Token has experienced a dip in value.

shib price chart
shib price chart

In fact, the cryptocurrency has been known for its volatility, with price swings of over 100% in a single day not uncommon.

The future of the Shiba Inu Token

However, despite the recent drop in value, some members of the community remain optimistic about the future of the Shiba Inu Token. They believe that the drama surrounding the Shibarium code will be resolved soon, and that the cryptocurrency will continue to grow in popularity.

In conclusion, the drama surrounding the Shibarium code has had an impact on the value of the Shiba Inu Token. However, it remains to be seen how this will affect the cryptocurrency in the long term.

NFT Studio 24

NFTStudio24 is Japan's first media platform dedicated on reporting the latest news and insights in Web3, Blockchain, Cryptocurrency, Metaverse, NFTs, and Decentralization.

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NFTStudio24 is Japan's first media platform dedicated on reporting the latest news and insights in Web3, Blockchain, Cryptocurrency, Metaverse, NFTs, and Decentralization.
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