Shiba Inu (SHIB), the meme coin that took the crypto world by storm, recently faced a significant setback. A staggering 35% of SHIB's gains evaporated during what is now being referred to as the "Shibarium correction."
This downturn was triggered when over a thousand ETH got stuck in the Shibarium bridge, a critical component of the Shiba Inu ecosystem. This mishap not only caused panic among the community but also led to a substantial outflow of funds from Shiba Inu.