Analysts: SHELL and MOVE project teams will repurchase tokens and transfer them back to the CEX.
according to on-chain analyst Yu Jin, "Among the three projects requested by Binance to repurchase tokens due to net selling by market makers in March, $SHELL and $MOVE have recently repurchased tokens and transferred them back to the exchange.
$MOVE has transferred 15 million tokens to Binance (about 950,000 US dollars), while $SHELL has transferred 25 million tokens (about 2.65 million US dollars), with 15 million tokens already entered Bitget.
In contrast, the $GPS project chose to destroy tokens after completing the repurchase in April."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
China Adjusts Its Tech Strategy While SoftBank Invests $22.5B in AI Prospects
- China suspends dual-use material export bans to the U.S. until 2026, signaling strategic recalibration in tech rivalry amid geopolitical tensions. - SoftBank sells $5.83B Nvidia stake to fund $22.5B AI investments in OpenAI and robotics, sparking debates over financial risks and AI innovation focus. - China-EU flights resume at 95% capacity, reflecting improved post-pandemic bilateral ties as India and China ease tensions post-2020 clashes. - Meta's Yann LeCun exits to launch "world models" startup, high
Market Pullback: Buy Now or Keep Waiting?
Trust Wallet Token (TWT) Price Forecast: Examining Key Drivers, Blockchain Activity, and Tactical Considerations
- Trust Wallet's November 2025 launch of Trust Premium repositioned TWT as a utility-driven loyalty token, incentivizing long-term user engagement through tiered rewards. - On-chain data shows reduced TWT velocity and increased wallet retention as users lock tokens for gas savings, exclusive features, and accelerated tier progression. - Price stabilized at $1.3135 with analysts projecting potential $5.13 peak in 2025, driven by cross-chain utility and retention metrics from the loyalty program. - Experts h
TWT's Updated Tokenomics Structure: Could This Revolutionize DeFi?
- Trust Wallet's TWT introduces Trust Premium, a tiered rewards system linking token utility to user engagement via TWT and Trust XPs. - The model aims to reduce selling pressure and stabilize liquidity by incentivizing long-term TWT holdings and ecosystem participation. - Unlike Lido’s automated buybacks, Trust Wallet prioritizes organic growth through user retention and functional utility, aligning with broader industry trends toward value-driven tokenomics. - Analysts project $5.13 price peak for TWT in
Trending news
MoreCrypto prices
More
