Attention SHIB Holders, Double Rewards in $PHIL for ShibArmy

ShibArmy is “in for a treat” per the official announcement because members have the chance to claim double rewards in the ongoing $PHIL airdrop. Calling it “juicy”, Shib has clarified that there is only a single criterion to be eligible for the event plus its rewards. Holders must have nested their tokens in a non-custodial wallet like Trust Wallet and MetaMask as of August 28, 2024. If met, they stand a chance to claim a portion of the pool which has 10 million PHIL tokens. Members who had their SHIB placed in centralized exchanges will have to wait a little longer to get their hands on PHIL.

ATTENTION SHIB HOLDERS! 10M $PHIL Airdrop happening NOW! And #SHIBARMY get double rewards! @PhilTokenETH

Get the details here: https://t.co/7mHs3NH1H6

Claim Page: https://t.co/Fw7dlSI6AC pic.twitter.com/hUAq5axq7J

— Shib (@Shibtoken) October 21, 2024

According to the announcement, priority is to reward 500 PHIL to the first 10,000 entries. The alternate scenario could see rewards of up to 500,000 PHIL tokens being rolled for every wallet. Eligible members have to send their wallet addresses to the designated platform and let things take their due course.

Members have responded to this development with mixed emotions. Those who are not eligible are obviously not impressed with the announcement. Those who are eligible, are seeking updates about receiving their fair share which, according to Phil, should begin from October 24, 2024. Many eligible members have also pointed out technical issues they are facing while submitting their entries. Phil is likely to look into it for a quick resolution.

Interested eligible members can double their chances of winning the reward. They have to complete a couple of tasks – follow Shib & Phil Token on X, and share the official announcement. This will take their name to a “separate” Lucky Draw where a grand prize of 250,000 is lined up.

SHIB has once again gathered the attention of the community with this development. The token reflects that with a brief surge of around 1.10% before retracting to a downward trajectory with a decline of 0.79% in the last 24 hours. SHIB is now exchanging hands at $0.80% at the press time.

Short-term predictions of SHIB are bullish, especially after posting an impressive 30% gain over the past month. Moreover, the token is speculated to jump by 1.23% in the next 30 days to a value of $0.00001815 amid the volatility of 6.63%. Prevailing sentiments are bearish due to factors like overall market sentiments and concerns around inflation. Market sentiments are being led by declines in BTC and ETH even though they have managed to absorb the blow to some extent. The market is not precisely reading into it very well and sees the decline as a decline instead of a phase to accumulate.

As for the Phil token, it urged ShibArmy to be patient as rewards were on their way.

PHIL token recorded a listing on AscendEX on October 19, 2024, under the trading pair PHIL/USDT. Deposits are open, trading has commenced effective October 19, and withdrawal can be accessed effective October 20, 2024. This counts as a major step because a larger size of traders now have access to PHIL.

Also Read: Shiba Inu Burn Rate Shoots 365,668%: SHIB Price to $0.00003?