Manny Pacquiao Cheers for Shiba Inu Community: SHIB Price Jumps

Legendary boxer Manny Pacquiao thanked the Shiba Inu community for supporting his philanthropic efforts in a heartfelt video message featured in the latest edition of The Shib, a bi-weekly magazine. He expressed gratitude to Shiba Inu enthusiasts for donating to the Manny Pacquiao Foundation (MPF), which he established to provide life-changing support to those in need. Pacquiao also shared his excitement about SHIB L2 blockchain solution, Shibarium.

SHIB Price Surges After Pacquiao’s Endorsement

Pacquiao’s surprise message to the SHIB community revealed previously undisclosed donations. This endorsement boosted investor confidence, driving the SHIB price up by over 16% to nearly $0.00003 on May 29, making it one of the top 10 cryptocurrencies by market capitalization. However, SHIB has since lost those gains, trading at $0.00002553, down 1.5% in the past 24 hours.

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Ongoing Partnership Between Shiba Inu and MPF

This is not the first collaboration between Shiba Inu and MPF. Last year, SHIB integrated Shibarium into MPF’s operations to enhance activities and transparency. MPF also accepts SHIB donations on its website, further solidifying their partnership.

Oluwadamilola Ojoye

Oluwadamilola Ojoye is a seasoned crypto writer who brings clarity and perspective to the fast-changing world of digital assets. She covers everything from DeFi and AI x Web3 to emerging altcoins, translating complex ideas into stories that inform and engage. Her work reflects a commitment to helping readers stay ahead in one of the most dynamic industries today

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.