Analyst: SHELL and MOVE project parties will repurchase tokens and transfer them back to CEX

According to on-chain analyst Yu Jin's monitoring, among the three projects that were required to be repurchased by Binance due to net selling by market makers in March, $SHELL and $MOVE have recently transferred the repurchased tokens back to the exchange.

$MOVE has transferred 15 million tokens (approximately $950,000) to Binance, while $SHELL has transferred 25 million tokens (approximately $2.65 million), of which 15 million have entered Bitget.

In contrast, the $GPS project chose to burn the tokens after completing the repurchase in April.