Deep Tide TechFlow News, on October 22, Shib announced that it will distribute 10 million PHIL airdrop to SHIB holders (currently valued at approximately $429,100). Holders who stored SHIB in non-custodial wallets (MetaMask, Trust Wallet, Ledger) before August 28 are eligible for the airdrop.

Shib stated that PHIL was initiated by Ethereum developer ZZ-410, aiming to unite the top 50 Meme coins to form a friendship and charity alliance themed around canine Meme coins.