Shiba Inu & BONE Suddenly Plunge, What's Happening?

<p>&nbsp;The Shibarium Shiba Inu Layer-2 network has once again stopped producing blocks after encountering problems and the Shiba Inu developers are looking for a solution to return crypto assets stuck in 'bridges' and other problems with the block network. After Shibarium experienced problems, some whales and other investors reduced their holdings of SHIB, BONE, and LEASH tokens.</p><p><br /></p><p>According to Shibarium block explorers, Shibarium's Ethereum-based Layer-2 network went online earlier today and then stopped producing blocks. Block production resumed a few hours ago. However, it stops producing blocks again after a short period of time.</p><p><br /></p><p>The problems faced by the Shibarium mainnet are similar to what happened in Shibarium's post-launch trial, where it has invited questions from the crypto community about the security and scalability of this blockchain network.</p><p><br /></p><p><br /></p><p>Blockchain security firm Beosin recommends users stop using Shibarium for the time being because $1.7 million in ETH is stuck on the 'bridge'. While the Shiba Inu team is busy fixing the problem, plus there are 'rumors' that the trapped ETH may not be returned and the Shib Mainnet RPC is down.</p><p><br /></p><p>Lookonchain reported that the 'whale' group started selling all BONE and SHIB and bought 1.07 trillion PEPE coins. This owner has deposited all 143 billion SHIB tokens to Binance after Shibarium stopped producing blocks.</p><p><br /></p><p>The price of SHIB is down almost 8% in the last 24 hours, with the price currently at $0.0000089. Meanwhile, BONE and LEASH prices are down 10-20%. The price of BONE is currently trading at $1.20, while the price of LEASH is trading at $450.</p>