Analyst: SHELL and MOVE project teams will repurchase tokens and transfer them back to a certain exchange

ChainCatcher News, according to on-chain analyst Yujin's monitoring, among the three projects that were required to repurchase 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.