Shiba Inu's SHIB tokens experienced a 9% drop in value due to bridging issues reported by users after the launch of the Shibarium network. Transactions on the network were stalled for at least five hours, and attempts to add the network to a commonly-used crypto wallet failed.

The Shibarium network was intended to be a gateway to a vibrant and cheap ecosystem, but its faulty launch has caused setbacks for the Shiba Inu blockchain project. The network uses BONE, SHIB, and LEASH tokens for applications focused on metaverse and gaming, but all three tokens experienced a drop in value in the past 24 hours.