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 <h2 id="shibarium-is-producing-blocks-again">Shibarium Is Producing Blocks Again</h2> 
 <p>According to <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a>scan.io block explorer, Shiba Inu’s layer-2 blockchain <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> is back online and producing blocks. <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> network entered a fail-safe mode and stopped operating to ensure the safety of funds due to the traffic exceeding expectations after the <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> mainnet went live.</p>  
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 <figure id="attachment_157027" aria-describedby="caption-attachment-157027" style="width: 100%" class="wp-caption aligncenter"> 
  <img decoding="async" class=" wp-image-157027" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20774%20251'%3E%3C/svg%3E" alt="shiba inu shibarium" width="774" height="251" data-lazy-src="https://cdn.coingape.com/wp-content/uploads/2023/08/18111628/screenshot-www.shibariumscan.io-2023.08.18-11_14_55.png"> 
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   <img decoding="async" class=" wp-image-157027" src="https://cdn.coingape.com/wp-content/uploads/2023/08/18111628/screenshot-www.shibariumscan.io-2023.08.18-11_14_55.png" alt="shiba inu shibarium" width="774" height="251"> 
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    Source: Shibariumscan.io 
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 <p>Shiba Inu developer Kaal Dhairya in an official blog on August 18 revealed scaling operations to support massive traffic on <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a>. The team will also post regulator updates on the status of the <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> network, which is a fork of Polygon.</p> 
 <blockquote> 
  <p>“In fact, as we slowly and carefully investigated where the problem exactly took place and found thousands upon thousands of contract creation and normal transactions IN ONE BLOCK.”</p> 
 </blockquote> 
 <p>In addition, the Shiba Inu team has decided to insure an amount of $2 million in case there is any issue in retrieving funds after <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> is restarted.</p>  
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 <p>After the announcement, the network started producing blocks again as the team monitors the chain. However, ShibArmy is concerned about the FUD that harms the project.</p> 
 <p><strong>Also Read: SEC All Set to Approve First Ethereum Futures ETF in US</strong></p> 
 <h2 id="fud-caused-massive-selloff-of-shiba-inu-ecosystem-tokens">FUD Caused Massive Selloff Of Shiba Inu Ecosystem Tokens</h2>  
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 <p>Whales and traders dumped their SHIB, BONE, and LEASH tokens, but the FUD caused them to liquidate their most holdings. Meanwhile, prices are bouncing after the <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> is back online despite the selloff in the broader crypto market.</p> 
 <p>SHIB price fell 11% in the past 24 hours, with the price currently trading at $0.0000082. The 24-hour low and high are $0.0000076 and $0.0000093, respectively.</p> 
 <p>Meanwhile, BONE price currently trades at $1.18, down 15% in the last 24 hours. LEASH price is trading at $430, down 5% in 24hrs.</p> 
 <p><strong>Also Read: BTC Price Dump Far From Over, Sub $20k Crash Incoming?</strong></p> 
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Shibarium Restarts Block Production, SHIB And BONE Rebounds

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TheBitTimes

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