Both projects in Binance's market maker event at the beginning of the month announced token repurchases: SHELL completed 3/4, and GPS has conducted small-scale testing

03-23

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According to ChainCatcher, based on on-chain analyst Yu Jin's monitoring, two projects in Binance's market maker event at the beginning of the month announced they would use net selling funds for token buybacks and disclosed the on-chain addresses for storing repurchased tokens. Current progress:

SHELL's buyback fund is $8 million. Since 3/13, they have repurchased 20.95 million SHELL tokens ($5.84 million) from Binance, which means the buyback is approximately 75% complete.
GPS's buyback fund is $4.34 million. They just announced tonight that the buyback has officially started, and the disclosed buyback address currently only has a few small test transfers, with no repurchased tokens transferred yet.

GPS

7.59%

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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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