Analyst: It is expected that the implementation progress of Myshell's SHELL token buyback plan is currently at 68%

ChainCatcher news, according to Ai Yi's monitoring and analysis, the previously tracked "hoarding SHELL new address" is indeed a market maker's buyback address.

The Myshell project team previously announced that they would use 8 million USDT to buy back SHELL and complete the buyback within 90 days. Since March 13, this address has cumulatively withdrawn 18.45 million SHELL from CEX, approximately 5.43 million USD, which means 68% of the buyback progress has been completed.