MyShell (SHELL)

MyShell (SHELL), a new crypto AI token, seems bullish as whales have started accumulating the altcoin, suggesting an imminent market rally. On March 15, crypto analyst Onchain Lens spotted a whale who bought 12.15 million SHELL tokens.

> In the past 2 days, a newly created wallet has accumulated 12.15M $SHELL ($3.49M) from #Binance.
>
> Address: 0x8d6732a5aBbBB155f6F2387e383fa65030A3b383 pic.twitter.com/WYk2gL26fl
> — Onchain Lens (@OnchainLens) March 15, 2025

Whale Bets on SHELL

MyShell is attracting the attention of big investors due to its potential growth. According to data shared by Onchain Lens on X today, the whale created a new wallet and bought 12.15 million SHELL tokens worth $3.49 million from Binance.

Onchain metrics show that SHELL has been down in the recent past. However, today’s significant purchase has impacted a positive price shift in the market. This accumulation shows that investors and whales are taking advantage of the recent decreased prices to acquire more SHELL tokens.

SHELL Price Updates

MyShell is a crypto AI token launched two weeks ago. The asset gained popularity due to its status as an AI-focused token. Its listing on Binance two weeks ago boosted its credibility, visibility, and investor confidence. Late last month, the asset obtained the Binance HODLer airdrop listing, prompting a 45% price increase after the announcement.

However, the asset has been in a consolidation mood post-listing and airdrop program. Its price has decreased by 42.2% and 5.3% over the past two weeks and seven days respectively. Today, the AI token saw a price rise of 10.8%, suggesting the potential for a significant breakout. The price jump indicates buyers are overpowered sellers, reflecting bullish sentiment.

The asset’s daily chart indicates building bullishness, with downward momentum losing strength and a breakout on the horizon. On-chain indicators confirm SHELL may experience an uptrend. Data from Coinalyze shows a 3.1% rise in SHELL’s Open Interest (IO) over the last 24 hours, signaling rising bullish sentiment. Increased IO signifies that more investors are creating new positions, hoping for price growth, indicating a bullish outlook.

SHELL is currently trading at $0.3007, after a 10.8% price growth over the past 24 hours. Its trading volume rose by 9.80% during this period, reflecting rising interest from investors and traders, signaling potential upward movement soon.