MyShell - Buyback Plan Details - 18 Mar 2025
MyShell announced an $8 million buyback plan for its token SHELL, aiming to support the token's price. Buybacks often create upward price pressure, as reducing market supply can boost demand. This plan involves a transparent process over 90 days, potentially instilling more confidence among investors. Such actions can signal to investors that the team is focused on long-term value. However, actual price movements will depend on market perceptions of this buyback’s impact versus other market developments. sourceWe'd like to share more details about the token buyback plan:A total of $8 million USDT generated from trading (buying and selling) has been frozen in the Market Maker's Binance accounts. These assets will be fully dedicated to the buyback program, which…