MyShell Token Generation Event Raises $104 Million in BNB, Oversubscribed by 11,400%

According to a recent report from COINOTAG News dated February 13, MyShell’s Token Generation Event (TGE) has concluded successfully in partnership with PancakeSwap, utilizing the Binance Wallet. The event saw a remarkable fundraising achievement, amassing approximately 145,100 BNB, equivalent to around $104 million. This figure surpasses the initial target of 1,270 BNB, marking an oversubscription rate of over 11,400%. As per the official communications, MyShell made available 40 million SHELL tokens, accounting for 4% of its total supply. Each token was priced at a competitive 0.00003175 BNB, catering to investors looking for accessible opportunities in this evolving market. With an IDO market cap set at a modest $20 million, MyShell’s TGE highlights the increasing enthusiasm and investor confidence within the cryptocurrency sector.