Manny Pacquiao, the legendary boxing champion, has recently expressed his admiration for Shiba Inu (SHIB) and its commitment to philanthropy. Pacquiao, the founder of the Manny Pacquiao Foundation (MPF), has been working closely with the Shiba Inu community to support various charitable initiatives. His endorsement of SHIB and Shibarium, Shiba Inu's layer-2 blockchain platform, has generated significant excitement in the cryptocurrency community.

Pacquiao's collaboration with Shiba Inu is a testament to the positive impact that cryptocurrency can have on society. His endorsement is expected to increase investor confidence and potentially boost the price of SHIB. However, the price of SHIB has been moving in the opposite direction, with a 1.59% decrease in the past day. The trading volume has also decreased by 38.9% to $1.4 billion, indicating a decrease in investor interest.

Despite this, Pacquiao's collaboration with Shiba Inu sets a precedent for how cryptocurrency can be used for the greater good. This could inspire more individuals and corporations to undertake similar initiatives. Pacquiao's message of goodwill coincides with positive developments in the Shibarium ecosystem. The network has reduced the bridge time from Shibarium to Ethereum to approximately 45 minutes from seven days, making BONE withdrawals from Shibarium to the Ethereum chain much faster and smoother.

Shibarium has also recently achieved a new milestone, recording a 60% growth in transaction volume. Transaction volume increased from 5,150 to 7,930 in just 24 hours, leading to a sharp increase in network fees. The number of BONE tokens used to cover these costs increased from 16.68 BONE to 32 BONE. This growth in transaction volume and network fees highlights the increasing adoption and usage of Shibarium.

In conclusion, Manny Pacquiao's collaboration with Shiba Inu and Shibarium is a significant development in the cryptocurrency space. It sets a precedent for how cryptocurrency can be used for the greater good and inspires more individuals and corporations to undertake similar initiatives.