On March 18th, MyShell released more details about the SHELL token repurchase program. A total of 8 million USDTs generated from SHELL transactions (buy and sell) have been frozen in the market maker's Binance account; these assets will all be used for the SHELL repurchase program, which will be executed within 90 days. The repurchase operation will provide stable support for the token value and inject confidence into investors; to ensure complete transparency, all repurchased SHELL tokens will be transferred to the 0x8d67 starting on-chain wallet after each repurchase transaction.
Previously, on March 10, MyShell announced that it had terminated its cooperation with illegal market makers and introduced new partners, planning to conduct a SHELL repurchase.
MyShell: 8 million USDT will be used in the SHELL buyback program, which will be executed within 90 days
2025-03-18 01:18:40
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