- Manny Pacquiao announced a partnership with the popular meme coin network, Shiba Inu.
- The partnership is part of the events to commemorate the launch of the second edition of The Shib Magazine.
- SHIB has added an impressive 26% in the past 30 days following the Bitcoin ETF-fueled rally.
Boxing legend Manny Pacquiao in another major wave within the crypto ecosystem announced a partnership with meme coin network Shiba Inu, which has since riled up excitement amongst community members.
On Wednesday, Pacquiao confirmed the partnership with Shiba Inu through a video posted on his foundation’s page. “Thank you, SHIB community, for supporting the Manny Pacquiao Foundation. We are excited about this partnership. God bless,” he said.
The partnership follows an earlier announcement from the Shiba Inu team, which hinted at a collaboration with a well-known athlete. Per the announcement, the partnership, along with a 3,000 NFT distribution, would commemorate the meme coin’s release of the second edition of The Shib Magazine.
With the development, Pacquiao joined fellow legend Mike Tyson as one of the notable figures in the athletics world to have joined the crypto ecosystem. The two renowned boxers have each launched NFT collections.
Meanwhile, SHIB is among the tokens that added remarkable gains in their prices during the Bitcoin ETF-fueled bull rally. According to data from CoinGecko, the token has gained 26% in the last 30 days. Furthermore, it has also sustained its positive run with a 3% increase in the past 24 hours. However, trade volume has since slowed, registering a 7% drop within the same period.
At the time of press, Shiba Inu is exchanging hands for $0.000008747. Additionally, its $5.21 billion market cap places it as the 19th largest cryptocurrency network based on market cap.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
