At the beginning of the month, both projects of Binance's market maker event announced token buybacks: SHELL's buyback fund was $8 million, and GPS was $4.34 million

星球日报|Mar 23, 2025 14:14
Odaily Planet Daily News: According to on chain analyst Yu Jin's monitoring, two projects in Binance's market maker event at the beginning of the month 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. Currently, they have withdrawn 20.95 million SHELLs (5.84 million US dollars) from Binance since 3/13, which means that three-quarters of the repurchase progress has been completed.
2. The repurchase fund for GPS is 4.34 million US dollars. They only announced tonight that the repurchase has officially started, and there are only a few small transfer tests in the announced repurchase address. There have been no transfers of repurchased tokens yet.
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