SHIB Trade Volume Increases as Shiba Inu Announces Partnership

Shiba Inu has been disclosing some intriguing connections for some time now. A few days ago, the official Twitter feed of the meme currency hinted at a new relationship with luxury automobile maker Bugatti by tagging it in a tweet. Shiba Inu has confirmed the agreement, therefore the rumour is no longer only conjecture.

Shiba Inu announced on Twitter that it has formed a partnership with the Bugatti Group, the manufacturers of the renowned Bugatti vehicles. The Bugatti Group will conduct special events for Shiba Inus in conjunction with the forthcoming NFT collection for the meme currency. The festivities include a Twitter Space and a Shiboshi mint celebration.

In the announcement, it was announced that the restricted release would only include 299 pieces, in addition to a single special 1st edition release. The mint price is already fixed at 0.14 ETH, and the mint webpage will launch in conjunction with Bugatti’s Twitter Spaces event.

A week after minting, users will be able to claim their things, with 15 community members receiving a Bugatti carry-on personalized with their Shiboshi design. In addition, they will get a 55% discount on any travel items created under the agreement between Shiba Inu and Bugatti Group.

Following the news of Bugatti, the trading volume of Shiba Inus has already recovered.  Other variables, such as the faster burn rate seen this year, have also contributed to SHIB’s current popularity.

Following the news, there was a brief recovery in the price of the meme currency SHIB, but it immediately corrected down. The digital asset is now selling for $0.0000089, a decrease of 5.4% from the previous day.

However, Shiba Inu remains a formidable competitor in the bitcoin sector. It is the sixteenth biggest cryptocurrency with a market capitalization of $4.9 billion.

Also Read: El Salvador’s Historic Crypto Legislation Will Allow For Bitcoin-Backed Bonds

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