As a seasoned researcher with a penchant for both cryptocurrencies and football, I find myself at the intersection of two fascinating worlds. The recent partnership between Maneki, a Solana-based meme coin, and Sheffield United is an intriguing development that caught my attention immediately.
The meme coin inspired by Solana’s cat theme, known as Maneki, recently disclosed a partnership agreement with the English football team, Sheffield United.
In a groundbreaking move, Solana-backed MANEKI (MANEKI) and English football club Sheffield United announced the debut of a meme coin as a shirt sponsor for the first time. As per the official announcement, the distinctive cat symbol of MANEKI will be showcased prominently on the team’s jerseys from October 18th onwards.
Making this move exposes the Solana meme coin to approximately 32,000 football fans at Bramall Lane, one of the oldest still operating football stadiums in England, as well as to hundreds of thousands of sports enthusiasts scattered throughout England.
Delighted to share that MANEKI takes the lead as the Principal Partner and shirt sponsor for Sheffield United in the 2024/25 season!
From now, you’ll spot the MANEKI emblem boldly displayed on the renowned red and white jerseys of the Blades, as they face Leeds United tomorrow, live on Sky Sports Main Event.
— MANEKI (@UnrevealedXYZ) October 17, 2024
Introduced around mid-May, Maneki currently boasts more than 73,000 owners, and its total supply of 8.88 billion tokens is appraised at $65 million on the Solana (SOL) network. Despite the announcement of a partnership with Sheffield United, the meme coin experienced a slight dip in trading, as indicated by DEX Screener. Data from crypto.news revealed that MANEKI had soared over 67% in the previous seven days. Here’s a 24-hour price chart for MANEKI – Oct: [insert chart here]
The deal between Sheffield United and the SOL meme coin transpired following the English Football Association’s prohibition on betting firms participating in team sponsorships.
Cryptocurrency ventures are stepping into this vacancy, positioning themselves within one of the globe’s most extensive sports markets. In fact, businesses using web3 technology and new initiatives have invested an unprecedented $170 million in agreements with teams from the Premier League and British sports clubs.
In a rapidly growing environment where meme tokens such as Maneki amass substantial market value in the tens of millions and attract thousands of users within months, the trend of crypto sponsorship could persistently expand. With rising popularity, additional meme coins built on the Solana platform might pursue promotional deals with sports organizations. According to Wintermute’s report, meme coins accounted for over 40% of Solana’s total trading volume.
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2024-10-17 18:14