Shiba Inu partners with Bugatti Group, SHIB price movement remains stagnant

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Shiba Inu has partnered with Bugatti Group to release Shiba Inu-inspired merchandise.

The announcement arrived on January 8 2023 via Shiba Inu’s official Twitter account.

Despite the exciting partnership, Shiba Inu’s SHIB token remains stagnant amid Solana’s Bonk meme coin fever in recent weeks.

Shiba Inu x Bugatti Group

Bugatti Group is a Canadian manufacturer of quality accessories, handbags and briefcases since 1940. Since the crypto bullrun the company has ventured into the web3 and crypto space.

The Bugatti Group Phygital Genesis NFT series was launched in November 2022. The 1,940 profile photo NFT collection gives holders access to Bugatti Group's exclusive web3 ecosystem.

bugatti group nft
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Additional utilities of the Bugatti NFTs include 55% off all Bugatti “web2” products, a mint pass for future NFT mints and special Discord roles. There are additional benefits to having more than 1 Bugatti NFT, such as eligibility for a "merch line" if you own 15 NFTs.

Not much is known about the group’s partnership with Shiba Inu yet, but more news will be announced in the coming days.

The partnership announcement budged Shiba Inu’s price +4.1%. The SHIB token is down 68.4% over the past year and has been crabbing since June 2022.

Despite SHIB’s unfortunate price movements, over 38 million SHIB has been burned in the last 24 hours with the burn rate climbing +1421.90%.

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