Boxing Legend Manny Pacquiao Hails Shiba Inu (SHIB) for Charitable Efforts

Boxing legend Manny Pacquiao has endorsed Shiba Inu (SHIB), commending its contributions to his foundation and expressing enthusiasm for the Shibarium platform despite recent market fluctuations.

Manny Pacquiao Commends Shiba Inu (SHIB) for Charity Efforts, Expresses Excitement for Shibarium Platform

Recently, legendary boxing champion Manny Pacquiao praised Shiba Inu (SHIB) for contributing to his foundation's charitable efforts. According to U.Today, Pacquiao also conveyed enthusiasm regarding Shibarium, the layer-2 blockchain platform developed by Shiba Inu.

Before this point, little was known about the collaboration between Shiba Inu and Pacquiao.

"Hello, Shib community! Thank you for your commitment to helping those in need. We appreciate your continued support for the Manny Pacquiao Foundation (MPF) and we are excited for Shibarium," Pacquiao stated in a special message.

The endorsement of SHIB by an influential figure like Pacquiao carries significant weight. Such endorsements are often expected to lead to a positive shift in the cryptocurrency's value. They can also bolster investor confidence and add credibility to the cryptocurrency.

The price of SHIB is fluctuating in the opposite direction. At press time, SHIB was valued at $0.00002672, a decrease of 1.59% over the previous day. Additionally, the trading volume fell by 38.9% to $1.4 billion, suggesting a decline in investor interest.

Despite the current market conditions, Pacquiao's collaboration with the Shiba Inu ecosystem is a beacon of hope, showcasing the potential of cryptocurrencies for the greater good. As the world witnesses the fusion of cryptocurrency and philanthropy, we can anticipate more organizations and individuals to embark on similar ventures.

Pacquiao's Praise of Shiba Inu (SHIB) Coincides with Major Advancements in the Shibarium Ecosystem

Pacquiao's message of benevolence aligns with favorable advancements within the Shibarium ecosystem.

Recent developments in the Shibarium ecosystem, as reported by U.Today, have significantly improved its functionality. The bridging time between Shibarium and Ethereum has been reduced from seven days to 45 minutes. This means BONE withdrawals from Shibarium to the Ethereum chain will be faster and more seamless.

On a positive note, Shibarium has recently achieved a significant milestone, witnessing a 60% surge in transaction volume. In just twenty-four hours, the transaction volume skyrocketed from $5,150 to $7,930, substantially increasing network fees. 32 BONE tokens were utilized to cover these expenses, significantly increasing from the initial 16.68 BONE.

Photo: rcelis, CC0, via Wikimedia Commons