The two projects involved in Binance's market maker event at the beginning of the month announced token repurchases: SHELL has completed 3/4, and GPS has started a small-amount test

03-23

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According to PANews on March 23, on-chain analyst Yu Jin monitored that in the market maker event at Binance earlier this month, two projects announced they would use net selling funds for token buybacks and disclosed the on-chain addresses for storing the repurchased tokens. Current progress:

1. SHELL's buyback fund is $8 million. Since 3/13, they have already repurchased 20.95 million SHELL tokens from Binance ($5.84 million), which means the buyback progress is about three-quarters complete.

2. GPS's buyback fund is $4.34 million. They just announced tonight that the buyback has officially started. The disclosed buyback address currently only has a few small test transfers and no tokens have been transferred for repurchase yet.

GPS

7.41%

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.

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