The second largest meme coin, Shiba Inu gained attention from the market participants on Tuesday, October 10, following a significant partnership announcement made by Bad Idea AI. Notably, Bad Idea AI has been the official partner of Shiba Inu since July this year, and this partnership is closely watched by the Shiba Inu community. Hence, any developments from Bad Idea AI tend to make waves in the ecosystem.

Bad Idea AI Announces New Partnership

The Shiba Inu community has lauded the recent partnership announcement by Bad Idea AI, amid a gloomy sentiment in the broader market. The Shiba Inu’s official partner revealed that they have entered into a “special collaboration” with Tangem.

In addition, they also said that they would be launching 350 custom-branded hardware wallets for their community in an upcoming sales campaign. The collaboration with Tangem, a leading player in the crypto hardware wallet space, has sparked anticipation and excitement among the Shiba Inu enthusiasts.

Meanwhile, the announcement was preceded by hints from Bad Idea Ai on October 4, suggesting that something special was in the works with Tangem. BAD Idea AI emphasized the importance of securing one’s crypto assets, stating that using a custom wallet from Tangem would be a wise choice. Notably, this move aligns with the growing emphasis on security within the cryptocurrency industry.

BAD Idea AI became an official partner of Shiba Inu in July, and since then, the partnership has grown significantly. In August, Tangem Wallet added support for the $BAD token, a move driven by the Shiba Inu community’s request to have the cryptocurrency listed on the platform.

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A Look Into The Shiba Inu Ecosystem

The Shiba Inu community has seen several recent developments, which might help the crypto in its future performance. However, the market remained highly volatile in recent days, given the ongoing geopolitical turmoil, that has forced the investors to run for the hill.

Meanwhile, the Shiba Inu burn rate rose 98.57% over the past 24 hours to 44.93 million SHIB tokens, as reported by Shibburn. The highest burns from yesterday were 9.89 million, 4.39 million, and 4.01 million, respectively.

However, despite the soaring burn rate, its price failed to show resilience amid hovering concerns in the global financial markets. The Shiba Inu price was down 3.21% to $0.000006948 as of writing, while its volume rocketed 106.53% to $117.007 million.

Simultaneously, the Bone ShibaSwap (BONE) was also in the red on Tuesday. The Bone price fell 3.18% to $0.7626 during writing, while its market cap declined 3.24% over the last 24 hours to $175.23 million.

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