SHELL Price Increase Following MyShell Airdrop Collaborating with Binance?
2025-02-28
Bittime - The MyShell (SHELL) token price saw a significant surge of 45%, reaching a new high of $0.6816 following the listing announcement airdrop HODLer by Binance. The question that arises is, will SHELL hit $1 next?
What Is MyShell (SHELL)?
MyShell is a platform that incorporates AI consumer layer design, connecting AI agents with users. The recent launch of the SHELL token attracted great attention, especially after the announcement of its listing on the Binance HODLer airdrop, which triggered a price spike. Investors are now looking forward to achieving the $1 milestone. Following are the listing details and future price prospects for SHELL.
SHELL Listing Details and Price Surge
The announcement from the Binance team regarding SHELL's listing happened a few hours ago, and soon after, the price of the MyShell token started to skyrocket. In no time, the price jumped from $0.47 to $0.6816, recording a 45% increase. At its peak, SHELL's market capitalization reached $184.2 million with a trading volume of $100.9 million.
SHELL price
According to the listing announcement from Binance, SHELL tokens will start trading on February 27, 2025, at 13:00 UTC or 20.00 WIB.
This makes MyShell the 10th program in the Binance HODLer airdrop.
Available trading pairs include BTC, USDT, USDC, BNB, FDUSD, and TRY.
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Even more interesting, BNB holders who participate in Simple Earn (Flexible and Locked) or On-Chain Yield products between February 14 to 18 2025 are entitled to a SHELL airdrop.
A total of 25 million SHELL tokens, or 2.5% of the total supply, were allocated for this airdrop, with an additional 25 million tokens to be distributed six months after listing.
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Conclusion: Another $1 Hike for SHELL?
With the positive momentum gained from the listing on Binance and high investor interest, there is a high possibility that the SHELL price may continue to increase.
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Reaching $1 is a realistic target if demand continues to increase and support from the community and trading platforms remains strong.
FAQ
1. What Is MyShell (SHELL)?
MyShell is a platform that develops an AI-based consumer layer, connecting AI agents with users. SHELL Token is a digital currency used in the MyShell ecosystem.
2. Why did the price of SHELL jump 45%?
SHELL price experienced a 45% jump after the announcement of the HODLer airdrop listing by Binance. This increase reflects high interest from investors and speculation about potential future price growth.
3. What is HODLer airdrop on Binance?
A HODLer airdrop is a program where holders of a specific asset, in this case BNB, receive a distribution of new tokens for free. In the case of SHELL, BNB holders participating in the Simple Earn product can receive an airdrop of SHELL tokens.
4. What is the total supply of SHELL tokens?
The total supply of SHELL tokens is 1 billion tokens. Of this amount, 25 million tokens (2.5%) were allocated for the HODLer airdrop, with an additional 25 million tokens to be distributed six months after listing.
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Reference
Pooja Khardiya, MyShell (SHELL) Token Price Pumps 45% After Binance HODLer Airdrop Listing: Is $1 Next?, Accessed February 28
Author: IN
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