Shiba Inu (CRYPTO: SHIB) soared in the early hours of Monday after hinting at a possible partnership with the Bugatti Group.
What Happened: Both Bugatti and SHIB have remained silent about the specifics of the upcoming collection, yet a promotional video posted gives the idea that the luggage, handbags, and accessories to be sold will be Shiba Inu-themed.
@Shibtoken Shiboshis x @bugattigrp
Stay tuned for an upcoming event announcement in the next few days! pic.twitter.com/VzvwUI2rOU
— Shib (@Shibtoken) January 8, 2023
At the time of writing, SHIB was up 5.51% in the last 24 hours, trading at $0.00000888.
The Bugatti Group specializes in the manufacture, marketing and selling of baggage, purses, attaché cases and accessories since the 1940s.
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SHIB token was among the top 10 tokens purchased by the top 100 Ethereum (CRYPTO: ETH) whales in the last 24 hours on Saturday.
According to Whalestats data, the top 100 ETH whales were cumulatively holding a staggering $44.2 million worth of Shiba Inu tokens. This makes up a whopping 2% of their total crypto assets.
Price Action: ETH was trading at $1,309, up 3.66% in the last 24 hours, according to Benzinga Pro Data.
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Analyzing Abbott Laboratories’s Short Interest
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