The @myshell_ai team has been constantly selling tokens.🚨

During the @binance listing, $8M worth of sell pressure from MM tanked the price. Binance noticed the manipulation, intervened, and removed the MM from the project. MyShell then promised an $8M buyback and claimed they would send the tokens to this address for future burning:

bscscan.com/address/0x8d67…

At the time of the announcement, $SHELL was trading at $0.30. But here’s the issue:

Instead of doing a transparent buyback, the team started dumping their ERC-20 $SHELL tokens on #Binance    and #Bithumb , pocketing the $8M and effectively laundering it.

The “buyback wallet” holds nearly 25M tokens. Assuming an average buy price of $0.235, they claim to have spent $6M. But in just 20 days, the price dropped over 55% to $0.135.

They’re clearly dumping on retail and scamming investors.

🔴 Call to @binance @cz_binance @BNBCHAIN @heyibinance @yzilabs @ellazhang516 @nansen_ai @arkham :

Freeze all team funds

Distribute them to harmed investors

Delist $SHELL

I’ve supported this project from the start, but the greed is undeniable. Projects harming the ecosystem like this must be removed.