PANews reported on March 23 that according to monitoring by on-chain analyst Yu Jin, in Binance’s market maker event 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. The repurchase fund for SHELL is 8 million US dollars. Currently, they have repurchased 20.95 million SHELL (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 just announced tonight that the repurchase has officially started. There are indeed only a few small transfers in the published repurchase address for testing, and no repurchased tokens have been transferred in yet.
