Odaily Planet Daily News According to the monitoring of on-chain analyst Yu Jin, in the market maker event of Binance at the beginning of the month, both projects announced that they would use net selling funds to repurchase tokens, and also announced the on-chain address where the repurchased tokens are stored. The current progress is:
1. SHELL's repurchase funds are 8 million US dollars. At present, they have repurchased 20.95 million SHELLs (5.84 million US dollars) from Binance since March 13, which means that the repurchase progress has been completed by three quarters.
2. GPS's repurchase funds are 4.34 million US dollars. They only announced tonight that the repurchase was officially launched. There are indeed only a few small transfers in the announced repurchase address for testing, and no repurchased tokens have been transferred in.