SHELL Reaches New All-Time High Following Binance Listing Announcement on Feb. 27

MyShell’s native token, SHELL, has reached a new all-time high following Binance’s announcement of an airdrop event ahead of its listing on February 27. After the listing notice, SHELL surged by more than 35% in the past 24 hours, peaking at $0.68. As of the latest data, SHELL is trading at $0.65, up over 30% from the previous day. Over the past week, the token has experienced a 60% increase and a 36% rise in the last hour, bringing its market cap to $175 million and a fully diluted valuation of $650 million.

The Binance listing will officially begin at 13:00 UTC on February 27, with trading support for SHELL against popular pairs such as Bitcoin, Tether, USD Coin, Binance Coin, First Digital USD, and Try.Finance. Before the listing, Binance has prepared a 25 million SHELL token airdrop event for users who participated in its HODLer program from February 14 to February 18. The airdrop will occur an hour before trading starts on February 27.

The token distribution for SHELL includes 30% allocated to community incentives, 29% to a private sell event with a one-year cliff and a three-year unlocking period, 1% for the Binance Wallet airdrop, and 5% for the Binance HODLer airdrop. The total circulating supply of SHELL on Binance at the time of listing will be 270 million tokens, with an additional airdrop planned for the end of the third month.

SHELL is a governance token that powers the MyShell ecosystem, giving holders access to premium features, enabling creator support, and facilitating payments. Despite its relatively recent launch in February 2025, Binance has tagged SHELL with a “seed” label, indicating the higher risks associated with newer projects. The token will be available for trading on both the Ethereum (ETH) network and BNB Chain.

The announcement has created significant excitement around SHELL, with traders reacting positively to the listing and the associated airdrop, driving up its value in a short period.