Both projects in Binance's market maker event at the beginning of the month announced token repurchases: SHELL repurchases have been completed 3/4, and GPS has conducted small-scale testing
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Planet Daily News: According to on-chain analyst Yu Jin's monitoring, in the market maker event at Binance earlier this month, two projects announced they would use net selling funds for token buybacks and disclosed the on-chain addresses for storing buyback tokens. Current progress: 1. SHELL's buyback fund is $8 million. Since 3/13, they have already repurchased 20.95 million SHELL tokens ($5.84 million) from Binance, which means the buyback progress is about three-quarters complete. 2. 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 buyback tokens transferred in yet.
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