TechFlow reports on March 18 that, according to Embers' monitoring, MyShell (SHELL), following the market maker incident at the beginning of the month, plans to use $8 million earned by market makers from SHELL trading to repurchase SHELL tokens within 90 days.
Observations indicate that the MyShell team began implementing the buyback program approximately four days ago. So far, 18.45 million SHELL tokens have been repurchased, valued at approximately $5.43 million, accounting for nearly 70% of the total buyback plan. The remaining $2.57 million will continue to be used for subsequent repurchases.
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