Shibarium loses support as Shiba Inu team points out centralization risks
Source: CoinWorld
Time: 2025-09-16 06:50:17
The Shiba Inu team led by Ryoshi has withdrawn its endorsement of the Shibarium network, citing that it does not align with Shibarium’s core values ​​(decentralized, truly practical and fair). Previously, the team frozen 4.6 million BONE tokens after a cyber attack, causing controversy over the extent of its centralization. Shibarium’s TVL has dropped to $1.81 million year-to-date, while SHIB’s price has stabilized in the wider competition for meme.