 as the 10th HODLer airdrop project, causing a 39% price surge. Trading starts on February 27 with multiple trading pairs.){kind=link}
Earlier today, on 27th of February, Binance officially announced the listing of MyShell (SHELL) as the 10th project in its HODLer airdrop program, triggering a significant price increase of nearly 40%.
According to the exchange, trading for SHELL will begin on February 27, 2025, at 13:00 UTC, and the token will be available in multiple trading pairs, including SHELL/BTC, SHELL/USDT, SHELL/USDC, SHELL/BNB, SHELL/FDUSD, and SHELL/TRY.
The news has generated excitement within the crypto community, as Binance’s listings often lead to strong market movements.
Additionally, as part of the airdrop program, users who deposited BNB into Binance’s Simple Earn (both flexible and locked options) or on-chain yield products between February 14 and February 18, 2025, will be eligible to receive free SHELL tokens before trading goes live.
Binance HODLer Airdrop Rewards Loyal BNB Holders
The HODLer airdrop program is one of Binance’s key initiatives aimed at rewarding long-term BNB holders and providing exposure to emerging crypto projects.
MyShell (SHELL) now joins this exclusive program, giving participants additional incentives for staking BNB.
Binance has assured users that details regarding the airdrop distribution will be disclosed within 12 hours before trading begins, and the allocated SHELL tokens will be credited to eligible spot accounts at least an hour before the market opens.
However, the token will carry Binance’s “Seed Tag,” which identifies new or high-risk projects, signaling that MyShell is still in its early stages.
Despite the risks, the airdrop provides a unique opportunity for BNB holders to acquire SHELL tokens at no additional cost before the official market debut.
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SHELL Price Skyrockets 39% Ahead of Listing
The anticipation surrounding MyShell’s Binance listing has already had a profound impact on its market performance.
In the last 24 hours, SHELL has surged by 39.88%, reaching a current trading price of $0.63.
The trading volume has also seen a dramatic spike, surpassing $93.7 million, indicating strong demand for the token.
Over the past week, SHELL has recorded an impressive 59.02% price increase, reflecting growing investor confidence ahead of its integration into Binance’s ecosystem.
With a circulating supply of 270 million SHELL tokens, the project’s total market capitalization has climbed to approximately $175.8 million, making it a notable new entry in the digital asset space.
As Binance prepares to officially open trading, market analysts predict continued volatility and strong speculative interest in the token.
Binance’s Growing Influence on Token Market Movements
Binance’s latest listings continue to create waves across the crypto market, with multiple tokens experiencing rapid price surges following similar announcements.
COW and CETUS tokens saw their values skyrocket by 73.9% and 87.8%, respectively, after Binance confirmed their upcoming listings, with trading set to begin on November 6, 2024.
Meanwhile, Binance Futures introduced new perpetual contracts for $COOKIE, $ALCH, and $SWARMS, leading to price jumps of 19%, 22%, and 36%, respectively.
Additionally, HIVE’s price surged 14.49% after Binance announced new trading pairs, further reinforcing the platform’s role as a key driver of market activity.
As MyShell prepares for its listing, investors will be closely watching how the token performs post-launch, especially given the historical impact of Binance-backed projects on price movements.
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