Renowned boxing champion Manny Pacquiao has recently lauded Shiba Inu (SHIB) for its philanthropic endeavors, particularly its collaboration with his own Manny Pacquiao Foundation (MPF). Pacquiao's endorsement of SHIB and the Shibarium layer-2 blockchain platform signals a notable moment in the cryptocurrency community, underlining the potential for positive societal impact within the digital asset realm.

Pacquiao's involvement with Shiba Inu showcases the transformative power of cryptocurrency beyond financial gains. His backing is anticipated to bolster investor confidence and potentially elevate SHIB's market value. However, recent market data indicates a contrary trend, with SHIB experiencing a modest 1.59% decrease in price over the past day. Moreover, trading volume has diminished by 38.9% to $1.4 billion, suggesting a waning investor interest in the short term.

Nevertheless, Pacquiao's collaboration underscores cryptocurrency's capacity to drive positive change. It may inspire more individuals and corporations to engage in similar altruistic initiatives. Pacquiao's commendable stance aligns with recent strides made by the Shibarium ecosystem, notably the dramatic reduction of bridge time from Shibarium to Ethereum, now clocking at approximately 45 minutes, a stark improvement from the previous seven-day duration. This enhancement facilitates faster and smoother BONE withdrawals from Shibarium to the Ethereum chain.

Moreover, Shibarium has achieved a noteworthy milestone with a remarkable 60% surge in transaction volume within 24 hours. Transaction count spiked from 5,150 to 7,930, resulting in a substantial increase in network fees. The quantity of BONE tokens utilized to cover these fees surged from 16.68 BONE to 32 BONE, highlighting the burgeoning adoption and utilization of Shibarium.

In summation, Manny Pacquiao's partnership with Shiba Inu and Shibarium epitomizes a significant stride in the cryptocurrency domain, illustrating its potential for societal betterment. This collaboration not only sets a positive precedent but also encourages a broader embrace of cryptocurrency-driven philanthropy.