The cryptocurrency sector is abuzz with excitement as the price of MyShell’s SHELL coin surged nearly 40% following its listing announcement on Binance. This robust rise in value indicates strong market interest, with trading set to commence today. Additionally, a HODLer AirDrop campaign is on the horizon for BNB holders, adding to the enthusiasm surrounding this altcoin.
What Factors Contribute to SHELL Coin’s Surge?
The listing on Binance has significantly impacted SHELL coin’s valuation, leading to a remarkable increase of 56.7% over the past week, with a notable 32.5% uptick in just the last 24 hours. The spike reflects a pattern often observed when altcoins debut on major exchanges, where demand tends to surge among investors.
What Are the Details of the Listing?
Binance is set to officially list SHELL today at 16:00 UTC, with trading pairs including BTC, USDT, USDC, BNB, FDUSD, and TRY. The total supply of SHELL is capped at 1 billion coins, with 270 million available for trading at launch, which is 27% of the total.
- SHELL coin experienced a price surge of 40% post-Binance announcement.
- The total supply is 1 billion coins, with 270 million in circulation at listing.
- The HODLer AirDrop campaign will distribute 25 million coins to BNB holders.
- Another AirDrop of 25 million SHELL coins is planned for six months later.
The excitement and momentum surrounding SHELL coin’s listing on Binance highlight the significant impact such announcements can have on cryptocurrency prices. As the trading begins, the market will be keenly observing its performance and the potential for further growth.
