Analysis: SHELL repurchase progress has been completed by 3/4, GPS starts small-scale test
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2025-03-23 23:02 9,653
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According to the on-chain analyst Ember Monitoring, both projects in Binance's market maker incident at the beginning of the month announced that they would use net selling funds to repurchase tokens, and also announced the on-chain address for repurchasing tokens. The current progress:
1. SHELL's repurchase funds are US$8 million. They have proposed 20.95 million SHELL (US$5.84 million) from Binance repurchase since March 13, which means that the repurchase progress has been completed by three quarters.
2. The repurchase funds of GPS are US$4.34 million. They only issued an announcement tonight that the repurchase has officially started. There are indeed only a few small transfers in the announced repurchase address, and there are no repurchase tokens transferred.