Jinse Finance reported that with the launch of the Shibarium Layer 2 mainnet, Shiba inu (SHIB) has fallen by 7.8% in the past 24 hours, changing hands at $0.00000920. Other memecoins also fell over the same period, with pepe down 9.5% and HarryPotterObamaSonic10Inu (HPOS10I) down 10.6%, according to data from CoinGecko. Shytoshi Kusama, chief developer of Shibarium, said that the new Layer 2 combines community and decentralization, making it different from other blockchains, and Shibarium is inviting all tokens to build and launch on the main network.