Projects previously required by Binance to buy back their tokens are transferring assets back to the exchange.

PANews reported on November 11th that, according to Ember Monitoring, among the projects that were required by Binance to repurchase tokens in March due to net selling by market makers, $MOVE and $SHELL have transferred some of their repurchased tokens back to exchanges today. Specifically, MOVE transferred 15 million $MOVE tokens (approximately $950,000 USD) to Binance this morning; SHELL transferred 25 million $SHELL tokens (approximately $2.65 million USD) out an hour ago, of which 15 million (approximately $1.59 million USD) have already flowed into Bitget. Another project, GPS, has burned its tokens after completing its buyback in April.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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