Crypto Madness: SHELL Token Soars to New Heights! 🚀💰

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Well, well, well! If it isn’t MyShell’s native token, SHELL, making a grand leap into the stratosphere after Binance decided to throw an airdrop party on February 27. 🎉 Who knew tokens could jump higher than a kangaroo on a trampoline?

According to a recent notice (which I’m sure was delivered by a very serious-looking pigeon), Binance has prepared an airdrop event through Binance HODLer for users ahead of its SHELL listing. If you’re one of those lucky Binance users who have BNB (yes, that’s Binance Coin, not a new type of sandwich) subscribed to Simple Earn and/or On-Chain Yields products from February 14 to February 18, congratulations! You’ll be receiving SHELL tokens from the Binance airdrop event. 🎁

Mark your calendars, folks! The airdrop is set to take place on February 27, just an hour before the trading starts. MyShell’s native token will officially be listed on Binance starting from February 27 at 13:00 UTC. Trading support will be available for SHELL and a whole buffet of other tokens like Bitcoin (BTC), Tether (USDT), USD Coin (USDC), Binance Coin, First Digital USD (FDUSD), and Try.Finance trading pairs. Talk about a crowded party! 🥳

Shortly after the Binance listing announcement, SHELL reached a new all-time high of $0.68, surging more than 35% in the past 24 hours. At press time, SHELL is trading hands at a price of $0.65, which is still a pretty impressive feat, going up over 30%. It’s like watching your favorite sports team score a last-minute goal! ⚽️

In the past week, SHELL has gone up by nearly 60% and has gone up by 36% in the past hour. MyShell’s token has a market cap of $175 million and a fully diluted valuation of $650 million. That’s a lot of zeros! 💸

SHELL’s token distribution

Having just launched in February 2025, Binance is adding the seed tag to SHELL. The seed tag is like a warning label on a bottle of hot sauce—applied to newer projects to alert users of a potentially higher trading risk compared to more established tokens on the exchange. SHELL will be available for trading on the Ethereum (ETH) network and BNB Chain. So, buckle up!

Binance has prepared 25 million SHELL tokens for the HODLer Airdrop event, which is around 2.5% of the genesis total token supply. There will be 270 million SHELL circulating on Binance upon listing. And guess what? There will be a second airdrop event at the end of the third month with the same amount of tokens allocated. It’s like a second helping of dessert—who can say no to that? 🍰

According to MyShell’s tokenomics (which sounds like a fancy term for “how we’re going to make money”), 30% of the token supply has been allocated for community incentive, 29% has been allocated to a private sell event with a one-year cliff and a three-year unlocking period. In addition, 1% has been allocated for the Binance Wallet airdrop alongside the 5% set aside for the Binance HODLer airdrop. It’s all very complicated, but just remember: free tokens are good tokens!

SHELL is a governance token that powers the MyShell ecosystem, granting holders access to the platform’s premium features, enabling creator support, and facilitating payments. So, if you’re holding SHELL, you’re not just a spectator; you’re part of the action! 🎭

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2025-02-27 11:19