Renowned boxer Manny Pacquiao has delivered a touching message to supporters of the Shiba Inu community, expressing his gratitude for their contributions to his philanthropic endeavors. In a video message featured in the latest edition of The Shib, a bi-weekly magazine, Pacquiao thanked Shiba Inu enthusiasts for their generous donations to the Manny Pacquiao Foundation (MPF), a non-profit organization he established to provide life-changing support to those in need.
Pacquiao, a boxing legend known for his impressive achievements in the ring, also expressed his excitement for Shiba Inu’s L2 blockchain solution, Shibarium. The boxer’s endorsement of the SHIB community came as a surprise to many, as the details of the donation had been kept private until now. Nevertheless, Pacquiao’s shoutout to the dog-themed cryptocurrency is expected to have a positive impact, as endorsements from influential figures often boost investor confidence and contribute to price increases.
An example of this is Elon Musk’s endorsement of Dogecoin, which led to a significant price rally in 2021. Pacquiao’s heartwarming message to Shiba Inu was shared on May 29, the same day that the price of SHIB surged by over 16% to reach nearly $0.00003, placing the asset among the top 10 cryptocurrencies by market capitalization. However, SHIB has since retraced all of its gains from the May 29 rally and is currently trading at $0.00002553, representing a 1.5% decrease over the past 24 hours.
It is worth noting that this is not the first collaboration between Shiba Inu and the Manny Pacquiao Foundation. Last year, Shiba Inu partnered with MPF to integrate Shibarium into the organization’s operations, enhancing its activities. This integration has facilitated easier tracking of donations, efficient fund distribution, and increased transparency. Pacquiao had previously expressed his gratitude for the partnership through a heartwarming message.
Furthermore, MPF accepts SHIB as a method of donation on its website, further solidifying the relationship between Shiba Inu and the foundation. However, readers should note that the content provided is for informational purposes only and should not be considered financial advice. It is advisable to conduct thorough research before making any investment decisions, as The Crypto Basic does not take responsibility for any financial losses that may occur.