Crypto enthusiasts have the opportunity to win up to 1 ETH or $100 in ETH by trading at least $5 worth of Shiba Inu (SHIB) on Crypto.com.
Crypto.com has recently highlighted its ongoing campaign, which involves the trading of Shiba Inu and other Ethereum-based meme coins.
Campaign Details
In a recent announcement, Crypto.com reminded its followers that the Ethereum Meme Campaign, which began on May 30, will conclude tomorrow, June 5, at 06:59 (UTC).
It is worth noting that the total prize pool for the event is $10,000 worth of ETH. As stated in the announcement, Crypto.com users have the chance to win up to 1 ETH ($3,761) or $100 in ETH by trading 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).
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 mentioned that the selected winners in this category will receive $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 have a chance of winning up to 1 ETH. The exchange will select three eligible participants through 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 after the U.S. SEC approved exchange applications to list spot-based Ethereum ETFs. Although the Ethereum ETFs have not yet begun trading in the U.S., the SEC’s approval led to a surge in the price of ETH, reaching nearly $4,000.
The rally also had an impact on Ethereum-based meme coins like Shiba Inu, which saw a 16% surge on May 29, propelling it into the list of top 10 cryptocurrencies by market cap.
Currently, Shiba Inu ranks as the 11th-largest cryptocurrency, with a market cap of $14.15 billion. The dog-themed token is trading at $0.00002403, experiencing a 24-hour decline of 4.93%.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. The author’s opinions expressed in this article do not necessarily reflect those of The Crypto Basic. Readers are encouraged to conduct their own research before making any investment decisions. The Crypto Basic is not liable for any financial losses incurred.