Shytoshi Kusama, the lead ambassador of the Shiba Inu SHIB/USD fraternity, said on Monday he was preparing to make the “biggest announcement” ever connected to the blockchain ecosystem.

What Happened: Kusama took to X to tease the significant event, stating, “After some rest, I will focus back on Shib. Bone, Leash, and Treat as we gear up for the biggest announcement I’ve ever given.”

The statement comes after the mysterious personality outlined a roadmap to help support the growth of SHY, a community-backed consumer token inspired by himself. Kusama added that the “robust” approach will allow the project to compete with Hasbro, a renowned toy and game company.

Don't Miss:

• Coinbase’s latest promo gets you up to $200 in crypto (Seriously!) — Here's everything you need to know to take advantage of this offer.
• Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share!

A consumer token offering, or CTO, is a fundraising mechanism in which an entity directly sells cryptocurrencies to customers, granting them access to specific products or services within the blockchain ecosystem.

Interestingly, the Solana SOL/USD -based token plunged 72% over the last 24 hours, according to Dex Screener. As of this writing, it has accumulated a market capitalization of $6 million.

See Also: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?

Why It Matters: Kusama’s remarks come shortly after his transition from the Shiba Inu lead visionary to the lead ambassador role. He stated that the Shiba Inu project now requires more execution and communication rather than vision.

The community has been brimming with the launch of its latest token, Shiba Inu TREAT (TREAT), a utility meme coin that provides rewards, governance, and liquidity.

TREAT is the latest addition to Shiba Inu's token arsenal which includes SHIB, the popular dog-themed cryptocurrency, Doge Killer (LEASH), and Bone ShibaSwap BONE/USD.

Read Next: 

• It’s no wonder Jeff Bezos holds over $70 million in art — this alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. Here’s how everyday investors are getting started.
• Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – with $1,000 you can invest at just $0.26/share!

Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

Image via Shutterstock