Shiba Inu’s team has unveiled a new airdrop for its holders. This airdrop includes 10 million Philtoken (PHIL) tokens, with recipients able to claim up to 500,000 PHIL. 

Eligibility and Rewards Structure

The airdrop applies to Shiba Inu holders with SHIB in their wallets since August 28, 2024. Only those holding SHIB in non-custodial wallets like Trust Wallet and MetaMask qualify. Specifically, a snapshot of eligible addresses was taken at block height 20,627,000 on August 28. Therefore, these wallets will share the 10 million PHIL airdrop. Participants must submit their non-custodial wallet addresses on the designated claim page to receive their tokens.

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The airdrop is first-come-first-served, with the first 10,000 eligible wallets guaranteed at least 500 PHIL tokens each. Some wallets may receive higher rewards, up to 500,000 PHIL. To increase their chances of receiving the maximum, users need to follow @PhilTokenETH and @shibtoken on X and retweet the airdrop announcement. Those following these steps can also enter a Lucky Draw for a chance to win an additional 250,000 PHIL.

Distribution and Upcoming Charity Events

Rewards will be distributed to eligible participants on October 24. Philtoken, developed by an early Ethereum coder known as ZZ_410, launched this year with a mission to unite the top 50 meme coins through charitable events. Philtoken aims to reshape the meme coin space into a force for good. 

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Philtoken (PHIL) has seen significant growth, with its price climbing 128.35% over the last week to $0.04439. It ranks as the 596th-largest cryptocurrency, boasting a market cap of $43.97 million and a maximum supply of 1 billion tokens.

In the coming months, Philtoken plans to organize charity events alongside every new partnership it forms, with rumors of a Shiba Inu collaboration growing. The PHIL team has been sharing hints, sparking speculation about a future alliance. 

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