MyShell announces the launch of the Shell Launchpad trading competition, investing over 1 million SHELL to enhance the liquidity of the AI Agent token and reward users.
From a market mechanism perspective, increased liquidity will attract more trading participation, which may stimulate SHELL demand in the short term and support the price.
However, attention should be paid to the market selling pressure from newly added SHELL. If demand growth can effectively absorb supply, SHELL is expected to rise steadily; if the selling pressure is too strong, the increase may be limited.
In the long term, if the trading competition enhances MyShell's ecological influence, SHELL, as a key ecological token, will benefit from ecological development and gain stronger support.
Investors need to closely monitor the actual effects of the trading competition, market sentiment, and the overall trend of cryptocurrencies to grasp the subsequent trends of $SHELL .
