Shiba Inu Plunges 10% After Shibarium Code Drama: What Happened?

Shiba Inu (SHIB) experienced a significant price drop, plunging 10% late Wednesday/early Thursday. Multiple sources on 16 de mar. de 2025 reported on the SHIB sell-off. The dip to around $0. occurred after concerns surfaced regarding the upcoming Shibarium layer 2 network. So, what caused this market reaction?

Shibarium Code Drama Explained: A Discord Discovery

The catalyst for the plunge appears to be a controversy surrounding the Shibarium beta testnet. A flurry of activity broke out on Discord after a user spotted a discrepancy in the Shibarium chain ID on 16 de mar. de 2025. Reportedly, Shibarium developers copied Rinia testnet, causing immediate concern within the community.

Concerns Over Copied Code: Did Shibarium Developers Copy Code?

The core issue was whether the much-awaited Shibarium blockchain's codebase contained copied elements. This sparked debate amongst Discord users, with many questioning the integrity and originality of the project. Shiba Inu's (SHIB) price fell 10% in the past 24 hours amid drama surrounding the codebase of the upcoming Shibarium blockchain, as reported on 16 de mar. de 2025.

SHIB Price Impact: Shiba Inu Fell 10%

The negative sentiment surrounding the potential code issue swiftly impacted SHIB's market value. The token plummeted 10% on Thursday, Ma, (16 de mar. de 2025) as investors reacted to the unfolding events.

THIS SHIBARIUM CODE DRAMA IS RESOLVED!!! (Update: More Recent news) Note: The original reporting focused on the date 16 de mar. de 2025 but that does not signify the actual date of this news.

Shiba Inu's Popularity and Market Cap: A Background

The Shiba Inu Token (SHIB) has been one of the most popular cryptocurrencies in recent times. Its market cap has grown significantly since its launch in August (continuing news, this is for information purposes). Reportedly, Shibarium developers copied Rinia testnet 16 de mar. de 2025.