MyShell (SHELL) Surges 40% on Binance Listing Announcement

Binance, the largest crypto exchange based on trading volume, announced plans to list MyShell (SHELL), adding the decentralized AI consumer layer token designed to its catalog. 

The exchange also adds SHELL to HODLer airdrops, which rewards BNB holders with token airdrops based on historical snapshots of their BNB balances.

Binance New Listing: What Users Need To Know

MyShell advertises as a decentralized AI consumer layer designed to connect consumers, AI agent creators, and open-source researchers. Its native crypto, SHELL, will be available for trading on Binance starting Thursday, February 27, at 13:00 UTC. According to the announcement, SHELL will trade against select pairs.

“Binance will then list SHELL at 2025-02-27 13:00 (UTC) and open trading against BTC, USDT, USDC, BNB, FDUSD, and TRY pairs,” an excerpt in the announcement read.

Further, the exchange committed to a seed tag for this new listing, a precaution to distinguish SHELL from any other token. In the immediate aftermath of this listing announcement, SHELL price surged by over 40%, a typical reaction to token listings on popular exchanges.

Binance will list SHELL at zero listing fees, which means users can trade SHELL without incurring any trading fees.

Beyond listing, the SHELL token also joins the Binance Exchange HODLer airdrops program. These positions select BNB token holders to receive allocations. The initiative rewards users retroactively, offering a simple way to earn additional tokens.

“Users who subscribed their BNB to Simple Earn (Flexible and/or Locked) and/or On-Chain Yields products from 2025-02-14 00:00 (UTC) to 2025-02-18 23:59 (UTC) will get the airdrops distribution,” Binance added.

It also committed to providing more details on the HODLer Airdrops approximately 12 hours after the listing announcement. Further, the new tokens would be distributed to users’ Spot Accounts at least an hour before trading.

Meanwhile, it is imperative to note that MyShell’s SHELL will have a maximum supply of one billion tokens. Circulating Supply upon Listing on Binance will be 270,000,000 SHELL, accounting for 27% of the total token supply.

Based on this cap, Binance’s HODLer airdrop will allocate only 2.5% or 25,000,000 SHELL tokens for eligible Binance users. An additional 25,000,000 SHELL will be assigned to the other HODLer Airdrops 6 months after spot listing.