ChainCatcher news, according to Ember monitoring, MyShell (SHELL) plans to use the $8 million obtained from market makers in SHELL trading to repurchase SHELL tokens within 90 days after experiencing a market maker event at the beginning of the month.It has been observed that the MyShell team started implementing the repurchase plan about 4 days ago. So far, 18.45 million SHELL tokens have been repurchased, worth approximately $5.43 million, accounting for nearly 70% of the total repurchase plan. Approximately $2.57 million will continue to be used for repurchase in the future.

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 Since March 13, this address has cumulatively withdrawn 18.45 million SHELL from CEX, approximately 5.43 million USD, which means 68% of the buyback progress has been completed.

ChainCatcher news, MyShell has released more details about the SHELL token buyback plan. A total of 8 million USDT generated from SHELL trading (buying and selling) has been frozen in the market maker's Binance account; these assets will be fully used for the SHELL buyback plan, which will be executed within 90 days. The buyback operation will provide stable support for the token's value and inject confidence into investors; to ensure complete transparency, all repurchased SHELL tokens will be transferred to an on-chain wallet starting with 0x8d67 after each buyback transaction.Previous news, MyShell stated that it has terminated its cooperation with the non-compliant market maker and introduced new partners, planning to conduct the SHELL buyback.

ChainCatcher message, MyShell released "Official Statement on Binance Announcement and SHELL Buyback Plan":"On March 7, we received a notification from the Binance team regarding unusual activities involving one of our market makers. In response, we immediately terminated our relationship with that market maker and introduced several new partners to ensure stable liquidity. All Binance accounts related to that market maker have been suspended, and all remaining assets will be transferred to our new market makers.Additionally, all stablecoins sold by that market maker will be fully used for the buyback of SHELL within 90 days. To ensure complete transparency, we will publish the wallet addresses related to the buyback for community verification. Furthermore, we are working closely with Binance to make this process open and transparent."

ChainCatcher news, according to the official announcement, Binance VIP loans have added MyShell (SHELL) as a loanable asset. Users can refer to VIP loans to check the latest interest rates and the complete list of loanable and collateral assets.

ChainCatcher news, according to the announcement from Huobi HTX, Huobi HTX will open the deposit service for SHELL on February 28 at 12:00 (GMT+8). The SHELL/USDT spot trading will open on February 28 at 14:00 (GMT+8). The withdrawal service for SHELL will open on March 1 at 14:00 (GMT+8).It is reported that MyShell is an AI consumption layer for everyone, aimed at allowing users to build, share, and own AI agents. The team connects AI and blockchain through an agent framework, open-source models, and an AI creator community. MyShell also provides users with AI-driven entertainment and practical features while offering them shared ownership.

ChainCatcher news, according to the official announcement, Binance will launch the SHELL flexible product on Simple Earn at 13:00 (UTC) on February 27, 2025, and will support SHELL purchases in Auto Invest at 10:00 (UTC) on February 28, 2025.In addition, Binance will launch SHELL as a new lending asset for margin trading at 13:30 (UTC) on February 27, 2025, and will open the trading pairs SHELL/USDT and SHELL/USDC.

ChainCatcher news, according to the official announcement, Binance will list MyShell (SHELL) on February 27, 2025, at 13:00 (UTC), and will open trading pairs SHELL/BTC, SHELL/USDT, SHELL/USDC, SHELL/BNB, SHELL/FDUSD, and SHELL/TRY. SHELL will carry a seed tag.Users need to deposit BNB into SimpleEarn (flexible and/or locked) and/or on-chain yield products from February 14, 2025, 00:00 (UTC) to February 18, 2025, 23:59 (UTC) to qualify for the SHELL airdrop. Airdrop information is expected to be announced within 12 hours, and the new tokens will be distributed to users' spot accounts at least 1 hour before trading begins.

ChainCatcher news, the LIBRA token incident involving the Argentine president's token has caused some users to suffer economic losses. While this is considered a market-driven event, it also highlights the inherent risks in the cryptocurrency industry. In response, the BNB ecosystem projects Four.meme, MyShell, and Bacon Protocol, along with crypto KOL EnHeng, have jointly organized spontaneous donations to support the affected users of the LIBRA incident. This initiative not only helps the direct beneficiaries but also supports the broader BNB Chain community.Eddie, a representative of Four.meme, commented: "We have always believed that the power of meme culture and decentralization can change the world. This donation action not only provides support to the affected users but also reflects our commitment to community responsibility and the collective progress in the decentralized finance sector."MyShell and Bacon Protocol also contributed to the donation effort, further demonstrating community involvement within the BSC ecosystem. The total donations from Four.meme, MyShell, and Bacon Protocol reached $60,000 in tokens. This donation was also supported by Binance founder CZ with a total of 150 BNB.This donation activity is seen as part of ongoing community engagement. As the cryptocurrency market continues to evolve, the participating organizations plan to maintain collaboration to address industry challenges. More cooperative opportunities are expected to be explored within the BNB Chain ecosystem in the future.

ChainCatcher news, Hotcoin exchange will launch the token $SHELL spot trading on February 14 at 18:00 (UTC+8). Market data shows that the market capitalization of $SHELL has exceeded 100 million USD, with a daily increase of up to 84.58%.It is reported that MyShell is a decentralized AI platform that allows creators to build artificial intelligence agents or bots for users to use.

ChainCatcher news, according to official information, MyShell has released its tokenomics, with a total supply cap of 1 billion tokens.Among them:30% allocated for community incentives;29% allocated for investors;13.5% allocated for the ecosystem and treasury;12% allocated for the team;5% allocated for liquidity;4% allocated for IDO;3.5% allocated for marketing;3% allocated for advisors.

ChainCatcher message, MyShell releases token economics, with a total supply cap of 1 billion tokens, 30% allocated for community incentives, 29% allocated for investors, 13.5% allocated for the ecosystem and treasury, 12% allocated for the team, 5% allocated for liquidity, 4% allocated for IDO, 3.5% allocated for marketing, and 3% allocated for advisors.

ChainCatcher message, MyShell posted on social media that the airdrop will be open for claiming on February 13 at 22:30, with a claiming period of 30 days.

ChainCatcher news, according to official information, MEXC will launch MyShell Token (SHELL) in the innovation zone on February 13 at 22:05 (UTC+8), and open the SHELL/USDT trading market. At 22:15, the SHELLUSDT perpetual contract will be launched, supporting 1-50x leverage, with both full position and isolated position modes.To celebrate the launch of SHELL, MEXC has introduced an Airdrop+ event to share 34,000 SHELL and 55,000 USDT.

ChainCatcher message, Bitget will launch MyShell (SHELL) in the Innovation Zone, Web3 Zone, and AI Zone. The deposit channel is now open, and the trading channel will open on February 13 at 22:30 (UTC+8).

ChainCatcher message: According to official news, on February 13 at 13:30 (UTC+8), MEXC will launch pre-market trading for MyShell Token (SHELL).

ChainCatcher news, Binance Wallet will collaborate with PancakeSwap to conduct the MyShell token TGE (Token Generation Event) on the BNB Smart Chain. The event will take place from February 13th, 10:00 to February 13th, 21:59. The total fundraising amount is 800,000 USD BNB, with a total of 40 million tokens available for purchase (accounting for 4% of the total supply), and the price per token is 0.02 USD. Users can participate using BNB tokens, with a subscription limit of 3 BNB per Binance Wallet user. After February 13th, 22:00, users can trade on the Binance Wallet DEX or PancakeSwap.