News - Announcement Shibarium triggers stock price jump at BONE

By Ted Maas

Announcement Shibarium triggers stock price jump at BONE

Shiba Inu (SHIB)

Shiba Inu's Layer-2 network, Shibarium, will be launched soon. The good news caused tokens SHIB and BONE to jump. Shiba Inu founder Shytoshi Kusama has announced that the layer 2 blockchain Shibarium will launch in August 2023. This is according to a blog post by Kusama.

According to the blog article, the mainnet will launch during the Blockchain Futurist Conference and the ETHToronto and ETHWomen Hackathons in Canada. At the same time, the Worldpaper, a comprehensive white paper on the ecosystem, will be published. In it are plans for the "Doggy DAO" and the "Shib Doggy DAO Foundation," which will be responsible for managing the protocol.

Meanwhile, the good news caused tokens in the Shiba Inu ecosystem to rally slightly. The main token of the Layer 2 network and the ShibaSwap app, BONE, rose about 30 percent within 24 hours.

Shiba Inu's SHIB also benefited from the announcement, rising nearly five percent during the same period. Meanwhile, the downward trend has already begun.

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