According to on-chain analyst Ember Yu, "Among the three projects that Binance asked to buy back in March due to net sales by market makers, $SHELL and $MOVE recently re-transferred the repurchase tokens to the exchange.
$MOVE has transferred 15 million tokens (~ $950,000) to Binance, while $SHELL has transferred 25 million tokens (~ $2.65 million), 15 million of which have entered Bitget.
In contrast, the $GPS project chose to destroy the tokens after the buyback was completed in April. "
Analysts: SHELL and MOVE project parties will transfer the repurchase tokens back to CEX
2025-11-11 15:36:50
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