Potential of MyShell

MyShell is a decentralized AI consumer layer that bridges the gap between users, AI agent developers, and open-source researchers.

MyShell is a decentralized AI consumer layer that bridges the gap between users, AI agent developers, and open-source researchers. It starts as an inclusive platform that allows anyone to create, distribute, and earn from their AI agents.

It began as a project in 2024 focused on developing a decentralized consumer layer for artificial intelligence (AI). This project, named MyShell, aimed to provide an accessible platform for users to interact with various AI agents and developers to build and deploy their agents on the platform.

MyShell is a project that is closely observed in the crypto space. It has received substantial funding from renowned investors, including Dragonfly Capital, Delphi Ventures, and Hashkey Capital. Together, these investors have contributed a significant portion of the project’s total funds, which now amounts to $17.48M.

This project is also selected for Binance Labs' Season 6 Incubation Program. With support from Binance and its investors, MyShell is making progress in developing its decentralized AI consumer layer, aiming to provide a rich ecosystem for users, developers, and researchers to collaborate and innovate.

MyShell Token (SHELL)

Token allocation

Total supply of 1B $SHELL tokens allocated as follows:

Token Utility

Source: MyShell

SHELL Price Prediction

In order to estimate $SHELL price, we’ll consider these factors:

Comparison with $KAITO: Although in the same AI sector, the intrinsic value or fundamentals of $SHELL are considered weaker than $KAITO (Kaito AI). $KAITO possesses strong backers and unique value propositions, leveraging AI for Web3 data analysis. In contrast, $SHELL, tied to MyShell’s AI consumer layer, may lack the same level of groundbreaking utility and market differentiation.

Binance Referral Code

-10% Trading Fees

Get 10% Lifetime Cashback on Every Trade

Code Valid: February 2025

$SHELL has already undergone its TGE, which occurred on February 13, 2025. Unlike tokens approaching their TGE, which often see pre-launch hype, $SHELL’s price momentum may proceed a hard shake after Binance listing event.

The initial DEX offering on Binance Wallet at PancakeSwap was significantly oversubscribed, reportedly at a rate of approximately 3000%. This result indicates strong initial demand but also suggests that much of the speculative hype has already been priced in, potentially leading to profit-taking or reduced momentum afterwards.

$SHELL is trading at approximately $0.59, with a FDV of around $600 million (total supply of 1 billion).

Source: CoinGecko

The spot listing on Binance today (February 27, 2025) and the HODLer airdrop could help drive the price up slightly at $0.70–$0.75 before being expected to receive a heavy drop afterward. This is because the Binance listing, amidst the project token’s excessive price surge, has rendered purchasing positions unsafe.

Consequently, the move to list on Binance Spots is considered a strategy to leverage the platform’s vast liquidity for a token sell off.

This also brings to mind Cookie DAO (COOKIE), another AI Agent narrative project, which listed on Binance on January 10th and subsequently experienced a rapid price decline.