Shiba Inu (CRYPTO: SHIB) developer Shytoshi Kusama said on Monday that Shibarium layer-2 blockchain is launching next week. The announcement sent SHIB ecosystems tokens rallying on Tuesday.

What Happened: Kusama on July 6, 2022, mentioned Shibarium for the first time. In the medium post, Kusama details Shibarium as a key component that allows users to move assets on-chain with BONE (CRYPTO: BONE).

The pseudonymous developer also shared insights on Shi stablecoin, as a concern after watching other stable tokens collapse and billions of dollars get wiped off the market completely.

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On Jul.6, when Kusama published the medium post, SHIB was trading at $0.000010. Fast-forward to the time of writing, SHIB was at $0.000013, representing a 30% increase.

A $100 investment in SHIB on the day of the post, would have seen your returns soar by 30%, totaling $130.

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