Crypto enthusiasts stand a chance of winning up to 1 ETH or $100 in ETH when they trade at least $5 worth of Shiba Inu (SHIB) on Crypto.com.
Crypto.com has called the public’s attention to its ongoing campaign, which involves the trading of Shiba Inu and other Ethereum-based meme coins.
Details of the Campaign
According to a recent post, Crypto.com reminded its followers that the Ethereum Meme Campaign, which commenced on May 30, will end tomorrow, June 5, at 06:59 (UTC).
The Ethereum Meme Campaign ends tomorrow 🙀
🎁 It's your final chance to win up to 1 $ETH and US$100 of ETH
✅ Simply trade at least US$5 of $ELON, $FLOKI, $GEKKO, $LADYS, $MOG, $PEPE, or $SHIB to join
📝 T&Cs apply
Learn More 👇 https://t.co/12f15LJ9Ap
— Crypto.com (@cryptocom) June 4, 2024
Notably, the total prize pool for the event is $10,000 worth of ETH. Per the announcement, Crypto.com users can win up to 1 ETH ($3,761) or $100 in ETH when they trade a minimum of $5 worth of SHIB or six other Ethereum-based meme coins.
The other selected meme coins include Dogelon Mars (ELON), Floki (FLOKI), Gekko HQ (GEKKO), Milady Meme Coin (LADYS), Mog Coin (MOG), and Pepe (PEPE).
Notably, the campaign is divided into two distinct categories.
First Event
For the first category, Crypto.com will select 100 users who successfully trade the aforementioned Ethereum-based meme coins during the campaign. The winners will be determined by their cumulative trading volume of the selected meme coins.
Crypto.com said the selected winners in this category will be rewarded with $100 worth of ETH each.
Second Event
In the second phase, Crypto.com users must trade at least $5 worth of the selected Ethereum-based meme coins to stand a chance of winning up to 1 ETH. Notably, the exchange will select three eligible participants via a lucky draw. Users selected under the Tier 1, 2, and 3 categories will receive 1 ETH, 0.5 ETH, and 0.1 ETH, respectively.
SEC’s Approval of Ethereum ETF
Crypto.com’s Meme Campaign comes weeks after the U.S. SEC approved exchange applications to list spot-based Ethereum ETFs. While the Ethereum ETFs have not started trading in the U.S, the SEC’s approval caused the price of ETH to surge to nearly $4,000.
The rally also extended to Ethereum-based meme coins, like Shiba Inu, as the asset surged over 16% on May 29 to enter the list of top 10 cryptocurrencies by market cap.
At press time, Shiba Inu ranked as the 11th-largest cryptocurrency, with a market cap of $14.15 billion. The dog-themed token was trading at $0.00002403, marking a 24-hour decline of 4.93%.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
