Inside Shibarium's Launch Hiccups: How the SHIBarmy Battled Unprecedented Traffic Surge

cryptonews.com:

The highly anticipated Shibarium launch proved that no amount of preparation can truly brace a project for the unanticipated strength and fervor of its community.

This comes after huge traction caused a storm amid the Shibarium launch, fuelling wild speculation on crypto twitter and triggering significant downside action on the markets. 

But before we dive into the nitty-gritty of the recent event, let's take a step back.

Late on Wednesday, when the highly-anticipated Shibarium mainnet went live on shib.io, Crypto Twitter was abuzz with Shibarium News.

Unfortunately, the excitement was met with tumultuous price action as SHIB's plunged nearly -9%, in a move triggered by market concern over apparent bridge issues affecting the new Layer-2 service.

Transactions on the network froze, with nearly 954 ether (ETH) and a whopping $750,000 of BONE – Shibarium's governance token – stuck in limbo.

Bridging tokens to the Shibarium network became impossible, and wild speculation including now discredited fake screenshots alleging to be from Shiba Inu developer Shytoshi engulfed Twitter in a storm of FUD.

For the uninitiated, bridges are pivotal tools in crypto, facilitating token transfers between different blockchain networks - their functionality is crucial, and any disruption has the potential to shake the market.

However, amid the mounting concern - which was exacerbated by social media rumours, one of the Shibarium developers took to blogging to address the chaos.

Refuting rumors of a bridge issue, the lead developer Shytoshi emphasized the cause of the problem: a sudden and massive influx of transactions upon the Shibarium launch announcement.

Shytoshi Kusama, the lead developer and the force behind Shiba Inu's online persona,