On the 19th of May, Shytoshi Kusama, the lead developer for the Shiba Inu project, made a tweet that suggested the SHIB team will be partnering with Red Bull soon. The veteran blockchain engineer thanked Red Bull for a chat they supposedly had and affirmed that they would be in touch in the future.
A man wearing a Red Bull helmet and skydiving was featured in a GIF accompanied by a Twitter post. The media and statement of Shytoshi led many of his followers to assume that the meme coin will be striking a new partnership soon.
Shiba INU’s Partnerships
The SHIB team has been up to a lot in the past year. Last year, SHIBA INU partnered with Welly, a fast-food company in Italy. Welly adopted blockchain speedily and teamed up with the meme project to expand their horizon. To remind his followers of their partnership, Shytoshi retweeted a post from welly’s official Twitter handles after the Red Bull post.
The team has also delved into NFTs and has developed a SHIB metaverse to feature its collections. Non-fungible lands and buildings are featured on the metaverse, with the SHIBARMY enthusiastic about the project.
The SHIB Token
The native token of the SHIBA INU project has experienced peaks and valleys. SHIB which has been tagged by many as the Dogecoin killer, had an all-time high of $0.0000884. At the moment, the token is valued at $0.0000117, 88% shy of its ATH.
Despite being miles away from its all-time high, the token has raked in millions of dollars for early investors. SHIB’s current value gives early investors an average ROI of over 730k%.
Today, the project is more than just a meme token or a Dogecoin competitor. The community-driven project has a working roadmap and necessary actions are taken to implement these plans.
