MyShell (SHELL), the AI-driven Web3 token, experienced notable volatility over the past 24 hours. Prices fluctuated between $0.16 and $0.20, with trading volumes surpassing $30 million.
This turbulence follows MyShell decisive action to terminate its market maker after Binance identified irregular trading activities. In response, MyShell has initiated a 90-day buyback program using liquidated stablecoins, aiming to restore market confidence.
Despite the recent dip, SHELL maintains a market capitalization around $45 million, with a circulating supply of approximately 270 million tokens.ย The token remains significantly below its all-time high of $0.68 achieved in February.
Investors are closely monitoring MyShell efforts to stabilize and its commitment to transparency. The coming weeks will be critical in determining the tokenโs trajectory and investor sentiment.
Stay sharp and stay informed
