'Shibarium Isn't Abandoned': SHIB Veteran Debunks Claims of Shiba Inu L2 Not Working

What happened

A long-time Shiba Inu community member responded to claims that Shibarium, the Shiba Inu layer 2 network, is not working reliably, stating that 'Shibarium Isn't Abandoned' and debunking concerns about the network's functionality.

Confirmed

Global impact / market context

If investors believe Shibarium is broken, they may sell SHIB tokens, lowering the price. A working layer 2 network, which processes transactions faster and cheaper, helps support the token's usefulness and long-term adoption, affecting revenue and investor trust.

Analyst inference

Shibarium is important because it helps Shiba Inu handle more transactions with lower fees, which means the network could attract more users and increase demand for SHIB, potentially boosting its market price as investor confidence grows.

Analyst inference

What to watch

1. Watch for any official statement from the Shiba Inu development team confirming or denying the claims about Shibarium's reliability, as this could directly influence investor sentiment. Confirmed
2. Consider monitoring transaction activity on Shibarium to see if the network is processing trades normally, which could provide evidence that the claimed issues are not real. Proposed
3. Expect a possible impact on SHIB price in the short term as investors react to the debate, and watch for any network upgrades or fixes that might be announced to reassure users. Analyst inference

Affected assets

• SHIB — Shiba Inu

Evidence

• u.today