In spite of SHELL market maker’s aggressive repurchase initiatives, the token’s price remains stuck at $0.3029. Just 48 minutes ago, a notable transaction occurred when SHELL market maker’s public repurchase address withdrew a substantial 499,998 SHELL tokens—approximately $153,000 worth—from Binance. This latest withdrawal brings the balance up to 20.45 million SHELL tokens, about $6.23 million worth. In September 2022, the SHELL repurchase program was said to have completed 74% of its target, with expected price boosts not materializing, leaving market observers puzzled. A Robust Repurchase Program with Minimal Price Impact The repurchase program for SHELL has been seen as a
The post SHELL Repurchase Efforts Struggling to Propel Price as Market Remains Unmoved appeared first on The Merkle News.