• Shiba Inu (SHIB) faced FUD yesterday due to its layer two scaling solution allegedly copying source code.
• The team has been working on crucial updates to help launch the Shibarium layer 2 scaling solution on time.
• Onchain analysis showed that a whale staked and liquidated over $5 million in $BONE as a result of this FUD.
Shiba Inu (SHIB) Faced FUD
Yesterday’s Shiba Inu bad review resulted in a whale staking and liquidating over $5 million in $BONE, according to onchain analysis. The allegations have been shrugged off based on the fact that the Shibarium layer 2 scaling solution is still in the beta stage, and several bugs could be identified for correction along the way.
Team Working on Updates
The Shiba Inu ecosystem, including the $BONE and $LEASH tokens, have swiftly decoupled from yesterday’s FUD. According to our latest crypto market data, Shiba Inu’s price is up approximately 3.3 percent in the past 24 hours to trade around $0.00001089 on Friday. Notably, the Shibarmy had been distressed by allegations that Shibarium layer two developers copied the source code. Precisely, KRYPSTEIN (@MrDonGG), the Firechain and Rinia testnet developer, refuted claims that Shibarium developers stole or cloned his code. „My code would’ve been open-sourced and free,“ KRYPSTEIN noted. „That wouldn’t have been a problem if they did. Everything I create or fork is open source and free to use.“ The FUD was also crashed by Shiba Inu’s lead developer Shytoshi Kusama who indicated that the team has been working on crucial updates to help launch the Shibarium layer 2 scaling solution on time.
Ben Armstrong’s Attention
The recent Shiba Inu plagiarism scandal attracted famous YouTuber Ben Armstrong’s (@BitBoy) attention. Notably, BitBoy threatened to dox the real Shytoshi Kusama’s identity following the plagiarism allegations. Wait until I dox the founder of $SHIB it’s coming this week. Heck maybe tmrw https://t.co/aAKW39I92G — Ben Armstrong (@Bitboy_Crypto) March 16, 2023 Yesterday’s Shiba Inu bad review resulted in a whale staking and liquidating over $5 million in $BONE, according to onchain analysis Follow us for the latest crypto news! And $5m worth of$bone unstaked pic .twitter .com / Yv8567yVVv — Rancune (@Rancune_eth) March 16, 2023
Shibarmy Distressed
The Shibarmy had been distressed by allegations that Shibarium layer two developers copiedthe source code which was later proved wrong after being clarified by KRYPSTEIN(@MrDonGG). He said that everything he creates or forks are open source which means it can be used free of cost without any issue regarding copyright infringement or plagiarism related issues .
Conclusion
The shibaramy has remained top 20 digital assets by market capitalization and SECOND MOST VALUABLE MEME TOKEN IN THE CRYPTOCURRENCY SPACE despite all these issues with their Layer 2 Scaling Solution which will be soon resolved with updating done by their development team .