Possibly affected by Binance’s announcement, SHELL rebounded briefly and broke through 0.3 USDT

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ODAILY
03-09
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Odaily reports that the market shows that, possibly affected by the Binance announcement, SHELL has rebounded in the short term and broken through 0.3 USDT, currently trading at 0.305 USDT, with an increase of about 10% in 5 minutes. According to previous news, Binance issued an announcement that in the investigation of a market maker (hereinafter referred to as the "market maker") of the GoPlus Security (GPS) project, Binance found that the same market maker was also responsible for the market making activities of the MyShell (SHELL) project. In order to better protect Binance users, Binance has taken the following additional measures against the misconduct of the market maker: · The market maker has been delisted and prohibited from conducting any further market making activities on Binance · The relevant profits of the market maker have been confiscated and will be used to compensate users of the GPS and SHELL projects (the detailed compensation plan will be determined and announced by the relevant project teams).

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