Analyst: SHELL and MOVE project teams will transfer repurchased tokens back to CEX
According to a report by Jinse Finance, on-chain analyst Yujin stated in a post, "Among the three projects that were required to repurchase tokens by a certain exchange in March due to net selling by market makers, $SHELL and $MOVE have recently transferred the repurchased tokens back to the exchange. $MOVE has transferred 15 million tokens (approximately $950,000) to a certain exchange, while $SHELL transferred 25 million tokens (approximately $2.65 million), of which 15 million have entered Bitget. In contrast, after completing the repurchase in April, the $GPS project chose to burn the tokens."
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