Will Champion Sportswear collaborate with Shiba Inu?

by | Sep 18, 2022 | Market, Market News, News | 0 comments

At the beginning of this year, the American sportswear company Champion got several requests to release a range of t-shirts and hoodies with a Shiba Inu design. The concept of cooperation between Champion clothes and SHIB was first proposed by a user on Twitter going by the moniker SHIB HEAD.

Who is the Champion Sportwear company?

The American apparel firm Hanesbrands, which was split out from the Sara Lee Corporation in 2006, owns and markets the Champion clothing brand, which specializes in sportswear. Champion is a name that has become synonymous with high-quality athletic gear. Before its takeover by Sara Lee in 1989, the firm had its beginnings in Rochester, New York. Currently, the company is headquartered in Wisconsin. Champion is Hanes’s second-most profitable brand after Hanes. Abraham Feinbloom and his son William Feinbloom were the ones who first conceptualized the business.

What Is Shiba Inu (SHIB)?

The Shiba Inu is a Japanese breed of hunting dog that serves as the Shiba Inu (SHIBUSD) cryptocurrency’s mascot. Shiba Inu (SHIBUSD) is an altcoin (an alternative cryptocurrency to Bitcoin) that is built on the Ethereum blockchain. Shiba Inu is a cryptocurrency that is commonly regarded as an alternative to Dogecoin. Its supporters even refer to it as “the Dogecoin killer,” which is a bold claim to make.

Meme coins are cryptocurrencies that are linked with some theme—like the Shiba Inu dog in the case of Shiba Inu and Dogecoin—but are frequently released as a parody or inside joke rather than as a digital product that has some use. Shiba Inu and Dogecoin are two examples of meme coins. While Dogecoin was introduced to the public in December 2013, Shiba Inu was developed in August 2020 by an unknown person or group known as Ryoshi.

How did the speculations begin?

The renowned catchphrase “Hey Robinhood, when SHIB” finally came to an end once Robinhood was listed, which coincided with the beginning of the Champion and SHIB partnership, which quickly gathered momentum. Despite this, the concept was never fully developed since the Champion apparel brand did not react to queries for cooperation opportunities.

Things began to turn for the better, however, on Tuesday, when a company that makes snacks called Slim Jim tweeted a request to their followers, asking them to tag companies and see if those businesses would respond. An investor in Shiba Inus who has also been vociferous in the past regarding the Champion-SHIB cooperation, which has been dubbed “ChampionUSA.”

After a silence of nine months, the Champion USA sportswear brand finally responded with the question, “Does this count as a collaboration?” The user then extended their gratitude to Champion sportswear for responding to their inquiry.

Despite this, the response from Champion through Twitter may be seen as a joke given that the company may have been trying to “play sport.” There has been no announcement made publicly about whether or not the Champion sportswear brand or the Hanes brand will work together with the Shiba Inu coin.

Shiba Inu and Red Bull Join Forces in This Collaborative Project

In May, it was widely circulated that the energy drink brand Red Bull may work together with the Shiba Inu dog breed. Unfortunately, the relationship did not work out, and SHIB does not currently have a partnership with any foreign brands.

Shiba Inu is now trading at $0.00001277 and has had a loss of 2% in the day trade that has occurred over the last twenty-four hours. Additionally, the token with a canine motif is now trading 85.2% lower than its all-time high of $0.00008616, which it set in October of the previous year.