Analysts: SHELL and MOVE project teams will repurchase tokens and transfer them back to the CEX.
according to on-chain analyst Yu Jin, "Among the three projects requested by Binance to repurchase tokens due to net selling by market makers in March, $SHELL and $MOVE have recently repurchased tokens and transferred them back to the exchange.
$MOVE has transferred 15 million tokens to Binance (about 950,000 US dollars), while $SHELL has transferred 25 million tokens (about 2.65 million US dollars), with 15 million tokens already entered Bitget.
In contrast, the $GPS project chose to destroy tokens after completing the repurchase in April."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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