The Binance exchange will officially launch spot trading for the SHELL token two weeks from today. The project will pay 5% of the total supply (divided into 2.5% + 2.5%) as indirect listing fees. Based on current market data with a fully diluted valuation (FDV) of $600 million and a circulating market cap of $162 million, preliminary calculations suggest that if the token price can break the key level of $1 (which would correspond to a circulating market cap of $270 million), there may be upward potential. I bought some on the DEX, but one should be cautious of potential risks as project insiders may have already started distributing tokens. Ultimately, market performance should focus on the capital game situation after the official launch today. $SHELL#币安LaunchpoolRED $BTC
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