Crypto enthusiasts have the opportunity to win up to 1 ETH or $100 in ETH by trading a minimum of $5 worth of Shiba Inu (SHIB) on Crypto.com.
Crypto.com has brought attention to its ongoing campaign, which involves trading Shiba Inu and other Ethereum-based meme coins.
Campaign Details
Crypto.com recently reminded its followers that the Ethereum Meme Campaign, which began on May 30, will end tomorrow, June 5, at 06:59 (UTC).
The total prize pool for the event is $10,000 worth of ETH. According to the announcement, Crypto.com users can 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 selected meme coins are Dogelon Mars (ELON), Floki (FLOKI), Gekko HQ (GEKKO), Milady Meme Coin (LADYS), Mog Coin (MOG), and Pepe (PEPE).
The campaign is divided into two categories.
First Event
For the first category, Crypto.com will choose 100 users who successfully trade the aforementioned Ethereum-based meme coins during the campaign. The winners will be determined based on their cumulative trading volume of the selected meme coins.
Crypto.com stated that the winners in this category will each receive $100 worth of ETH.
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 randomly select three eligible participants. 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 started trading in the U.S., the SEC’s approval caused the price of ETH to surge to nearly $4,000.
The rally also affected 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.
At the time of writing, 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, representing a 24-hour decline of 4.93%.
Disclaimer: This content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article may be the author’s personal opinions and do not reflect the views of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.