SHIB investors panicked over the upcoming Shibarium blockchain problems, with SHIB dropping 10 percent.
Developments continue in SHIB, which has a large investor base in the crypto market. The beta version for the Shibarium blockchain layer-2 network was released last week. With the enthusiasm created by the launch, the excitement of the investors on the SHIB side gradually increased. However, this morning, a speech on Discord channel, one of SHIB’s social media platforms, caught the attention of investors. It was a mess when an authorized community member on the SHIB Discord channel voiced his worrying thoughts.
SHIB’s Social Media Officer Causes Concern
The ideas expressed by an official on Discord, one of SHIB’s popular social media, caused confusion in the community. The panic from the community came specifically from the Shibarium Beta Testnet, which uses the same on-chain identity as the current blockchain.
Social media official Steve’s views that created an atmosphere of concern were as follows;
“Chain ID is what any Blockchain developer bases on when deploying a Blockchain. It’s pointless to use an ID that already exists, as your chain isn’t working properly and anyone trying to interact with your chain will interact with the other chain instead. Why does it seem like the shibarium testnet got the rinia testnet genesis file?”
Steve’s statements about the Shibarium chain have confused the community. After the event, SHIB lost 10 percent of its value.
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