MyShell Research Hub | SHELL information, history and analysis

MyShell has severed ties with a market maker linked to suspected trading irregularities after Binance raised concerns. The firm is reallocating assets to new liquidity partners and is initiating a SHELL token buyback plan to restore trust among investors.

MyShell emphasizes its unwavering commitment to open-source AI despite market disruptions. The firm aims to enhance market integrity through the strategic shifts, including partnerships and maintaining transparency in their token buyback process.

Global crypto exchange Binance has taken a strong stance by banning a market maker due to misconduct related to GoPlus Security (GPS) and MyShell (SHELL) tokens. This follows findings from an investigation that revealed the market maker’s noncompliance with trading rules.

As a result of the misconduct, Binance confiscated $5 million in illegal profits. The exchange plans to compensate affected holders of GPS and SHELL, with further details on the compensation plan expected soon.

In the wake of this news, the price of GPS tokens plummeted by over 11%, while SHELL tokens increased by 6.5%. Additionally, Binance plans to introduce new mechanisms allowing token holders more say in listing and delisting processes.

SHELL trading volume is $34.47m. Market capitalization reaches $98.28m.

SHELL trading volume is $100.02m. Market capitalization reaches $136.72m.