Perhaps, you wish to say 80 million USDT. BTW, why should it take 90 days to fix the fraud that occurred in less than one week. Am I the only one thinking in this space 🤔
MyShell.AI
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We'd like to share 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 accounts. These assets will be fully dedicated to the $SHELL buyback program, which will be executed over 90 days. Purchases will be made to provide steady support for the token's value and instill confidence in our investors.
To ensure full transparency, all repurchased $SHELL tokens will be transferred to the following on-chain wallet after each buyback transaction: https://t.co/ksAmXtxXPF. This allows our community to verify and monitor the entire process.
We want to assure you that we remain steadfast in our dedication to our community and the long-term success of MyShell. The $SHELL token is a catalyst for the MyShell AI ecosystem. We are actively developing utilities for $SHELL. Our goal is to provide our users and token holders with tangible benefits from $SHELL as much as possible.
Thank you for your continued support and trust in the MyShell team. We believe that in the era of crypto and AI convergence, a truly product-market-fit-driven AI platform that actively contributes to the open-source community will stand out and flourish.
Don't assume investors are gullible! Your token price crashed more than 50% upon Binance listing. 8 million USDT can't be the entire proceeds from the MM.
MyShell.AI
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We'd like to share 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 accounts. These assets will be fully dedicated to the $SHELL buyback program, which will be executed over 90 days. Purchases will be made to provide steady support for the token's value and instill confidence in our investors.
To ensure full transparency, all repurchased $SHELL tokens will be transferred to the following on-chain wallet after each buyback transaction: https://t.co/ksAmXtxXPF. This allows our community to verify and monitor the entire process.
We want to assure you that we remain steadfast in our dedication to our community and the long-term success of MyShell. The $SHELL token is a catalyst for the MyShell AI ecosystem. We are actively developing utilities for $SHELL. Our goal is to provide our users and token holders with tangible benefits from $SHELL as much as possible.
Thank you for your continued support and trust in the MyShell team. We believe that in the era of crypto and AI convergence, a truly product-market-fit-driven AI platform that actively contributes to the open-source community will stand out and flourish.
$SHELL so all this talk about a market maker manipulating the price was all a facade. No wonder you couldn't give the name of the MM. It's the team all this while. Binance keep this up, your days are numbered. 😡
Incident Timeline: -The problematic market maker (MM) illegitimately profited by selling tokens from partner projects -Binance flagged several affected projects for trading caution -MyShell received notification from Binance about suspicious activity on March 7th -Team took immediate action: Terminated relationship with the problematic MM Secured a new market making partner Froze all accounts of the former MM and confiscated profits
MyShell's Recovery Plan: MyShell has announced they will use funds equivalent to the MM's improperly gained profits for $SHELL buybacks within 90 days. The entire buyback process will be conducted transparently under Binance's supervision.
My Thoughts: The team has demonstrated impressive responsiveness and accountability by addressing this issue head-on. Rather than becoming a long-term negative, this event could actually turn into an opportunity for MyShell to showcase their integrity and commitment to token holders.
Their swift action to implement buybacks could potentially create positive price pressure in the coming months. This is how teams should handle crises - with transparency and decisive action! 👀
What do you think of their response? Are you watching $SHELL potential opportunities?
$SHELL now that the market marker is banned, who is still manipulating this token? Binance and SHELL team should send the price back to its original price upon listing. Or else we may also suspect them.
Up till this moment, you didn't deem it fit to extend monitoring tag to SHELL
Binance Announcement
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Binance Will Extend the Monitoring Tag to GPS on 2025-03-07
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Based on recent reviews, Binance will extend the Monitoring Tag to include GoPlus Security (GPS) on 2025-03-07. The Monitoring Tag has been applied to GoPlus Security (GPS) due to a significant price drop immediately following the spot listing and certain market making behavior of one of GPS’ market makers (the “Market Maker”), including: Approximately 70,000,000 GPS tokens were sold by the Market Maker between 2025-03-04 13:00 (UTC) and 2025-03-05 09:55 (UTC). No buy orders were placed by the Market Maker during the aforementioned period.Tokens were continuously sold by the Market Maker right after spot trading opened.The Market Maker was the top 1 profiteer gaining approximately 5,000,000 USDT. The Market Maker’s Binance account has been temporarily suspended while we conduct an in-depth follow-up investigation into this matter. Tokens with the Monitoring Tag exhibit notably higher volatility and risks compared to other listed tokens. These tokens are closely monitored, with regular reviews conducted. Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform. To gain trading access to tokens marked with the Monitoring Tag, users will need to pass the quiz every 90 days on the Binance Spot and/or Binance Margin platforms, and accept the Terms of Use. The quizzes are set up to ensure users are aware of the risks before trading tokens with the Monitoring Tag. Users may find the Monitoring Tags on the corresponding Binance Spot and Binance Margin trading pages, as well as on the Markets Overview page. A risk warning banner will also be displayed for all tokens with the Monitoring Tags. Binance will conduct periodic project reviews and decide if the Monitoring Tag should be added to or removed from tokens as per its latest findings. These criteria are considered during the review: Commitment of team to projectLevel and quality of development activityTrading volume and liquidityStability and safety of network from attacksNetwork / smart contract stabilityLevel of public communicationResponsiveness to our periodic due diligence requestsEvidence of unethical/fraudulent conduct or negligenceContribution to a healthy and sustainable crypto ecosystem Please note: Other services related to the aforementioned tokens will not be affected. The Monitoring Tags for the aforementioned tokens will be updated shortly after the publishing of this announcement.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. We thank you for your support as we continue to build the crypto ecosystem in a way that promotes transparency and long-term, sustainable growth. Thank you for your support! Binance Team 2025-03-07
I am curious to see how you will compensate traders in futures and spot traders who sold at great loss. It is better to reinvest the confiscated proceeds into the respective tokens
Binance Announcement
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Actions Taken on Market Maker for GPS and SHELL Due to Market Irregularities (2025-03-09)
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Based on the findings from the investigation on one of the market makers (the “Market Maker”) for GoPlus Security (GPS), we have identified the project MyShell (SHELL) using the same Market Maker. Due to the Market Maker’s misconduct, for the purpose of best protecting Binance’s users, we have taken additional steps as follow: Offboarded and forbid any further market making activities by the Market Maker on BinanceConfiscated proceeds from the Market Maker for the purpose of compensating users for GPS and SHELL (Detailed compensation plan will be determined and communicated by respective projects at a later date) General reminder that all projects’ authorized market makers on Binance must comply with the principals and rules as follows: Place orders for both bid and askEnsure sufficient order size within the specified depth levelsMaintain a healthy and stable spread for market activityEnsure orders remain for a certain amount of time, and prevent market disruption from high-frequency order placement and cancellations Any project-authorized market makers who do not comply with or breach such principles and rules, Binance will take further actions against such market makers to best protect our users. We thank you for your support as we continue to build the crypto ecosystem in a way that promotes transparency and long-term, sustainable growth. Thank you for your support! Binance Team 2025-03-09
It was a refreshing news that Binance conducted an investigation into the conduct of the market marker responsible for $SHELL and $GPS
The community is also happy that punitive measures have been taken against the said market marker.
However, the proposed compensation should be holistic. These two coins were already being traded on several exchanges before Binance listing, including spot and futures.
@Richard Teng @CZ I suggest that the confiscated assets from the market marker be reinvested into the respective tokens. Thus, returning the token price to what it should have been had the market marker not manipulated it. Community should also be allowed to vote on how long the market marker asset should be locked in the respective tokens.
Binance has gained credibility over the years, it will be regrettable if the public trust erodes with incidents like this. Interestingly, $SHELL is from Binance labs.
Wait on until Elon tweets xMoney $UTK Then ask deepseek about it. 🤭
BullishDhaakad
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😱I asked DeepSeek for Top 3 Potential Multibagger Utility coins which can 100-1000x in 2025🚀💯
Identifying potential multibagger utility coins with a market capitalization under $250 million that are listed on Binance's spot market can be challenging, as many promising projects may have already surpassed this threshold. However, based on available information, here are some utility coins that have been highlighted for their potential:
1. Zilliqa ($ZIL
):
Zilliqa is a high-throughput blockchain platform designed to scale thousands of transactions per second. It aims to make decentralized blockchains faster and more scalable through sharding. ZIL is the native token of the Zilliqa blockchain and is used to execute smart contracts and reward miners. As of the latest data, ZIL is listed on Binance's spot market.
2. Injective Protocol ($INJ
):
Injective Protocol is a decentralized exchange (DEX) protocol that offers advanced features like cross-chain margin trading, derivatives, and forex futures trading. INJ is the native utility token of the platform, used for governance, staking, and as a base token for exchange trading. INJ is available for spot trading on Binance.
3. COTI ($COTI
):
COTI is a fintech platform that aims to build a decentralized and scalable payments network. It focuses on enabling fast, secure, and low-cost payments for merchants, governments, and stablecoin issuers. COTI tokens are used within the ecosystem for transaction fees, staking, and governance. COTI is listed on Binance's spot market.
Important Considerations:
Market Volatility: Cryptocurrencies are subject to significant price fluctuations. Ensure you conduct thorough research and only invest what you can afford to lose.
Due Diligence: Investigate each project's fundamentals, including their technology, team, use cases, and community support.
Stay Updated: Cryptocurrency markets evolve rapidly. Regularly check for the latest information and updates from reliable sources.
Investing in cryptocurrencies carries inherent risks. It's essential to perform comprehensive research and consider your risk tolerance before making investment decisions. #MarketPullback #AltcoinRevolution2028
Imagine Binance listing on a Sunday. They had to wait for #TRUMP to pump a great deal. Guess what will happen after tomorrow's inauguration.
Binance Announcement
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Binance Will List OFFICIAL TRUMP (TRUMP) with Seed Tag Applied
Note: Please do your own research before making any trades for the aforementioned token outside Binance to avoid any scams and ensure safety of your funds. Fellow Binancians, Binance will list OFFICIAL TRUMP (TRUMP) and open trading for the following spot trading pairs at 2025-01-19 08:30 (UTC). New Spot Trading Pairs: TRUMP/USDC, TRUMP/USDTUsers can start depositing TRUMP in preparation for trading 2 hours later.Withdrawals will open at 2025-01-20 08:30(UTC).Listing Fee: 0 BNB.TRUMP Smart Contract Address (Solana) : 6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN Notes: Theseed tag will be applied to TRUMP.The withdrawal open time is an estimated time for users’ reference. Users can view the actual status of withdrawals on the withdrawal page.Spot Algo Orders will also be enabled for the aforementioned pairs at 2025-01-19 08:30 (UTC), while Trading Bots & Spot Copy Trading will be enabled within 24 hours of it being listed on Spot. For users with running Spot Copy Trading portfolios, pairs can be included by enabling them in the [Personal Pair Preference] section of the Spot Copy Trading settings.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. What Is OFFICIAL TRUMP (TRUMP) TRUMP is the official Trump meme. Important Notes TRUMP is a relatively new token that pose a higher than normal risk, and will likely be subject to high price volatility. Users must exercise sufficient risk management and DYOR (do your own research) to fully understand the project before opting to trade the token.Seed tags represent innovative projects that may exhibit higher volatility and risks compared to other listed tokens. Seed tag will be applied to TRUMP.To gain trading access to tokens marked with seed tag, users will need to pass the corresponding quizzes every 90 days on the Binance Spot and/or Binance Margin platforms, and accept the Terms of Use. The quizzes are set up to ensure users are aware of the risks before trading the tokens with the Seed Tags. Users may find seed tags on the corresponding Binance Spot and Binance Margin trading pages, as well as on the Markets Overview page. A risk warning banner will also be displayed for all tokens with the Seed Tags. Additional Information OFFICIAL TRUMP WebsiteBinance Trading FeesBinance Trading Rules Trading of the aforementioned new trading pair(s) is subject to eligibility based on the user's country or region of residence. Please note that the list of restricted countries provided below may be changed from time to time, due to mandatory changes in applicable laws and regulations, or other changes relevant to the trading eligibility of these new trading pair(s). Users need to complete account verification to participate in the trading of these new trading pair(s). Currently, users residing in the following countries or regions will not be able to trade the above-mentioned spot trading pairs: Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine. Please note that this list may be updated periodically to accommodate changes in legal, regulatory, or other factors. Thank you for your support! Binance Team 2025-01-19
Projects that are based on long term display a gradual but consistent ascent. However some projects including Neiro has made crypto world more of a gamble which is actually not the essence. People normally trust more long term assets.
On the list of my favorite coins, I can see bullish signals on virtually all the coins. Though we can't call it a market rebound because most tokens are yet to get back to the entry point of most traders.
Don't be in a hurry to sell. We must make profit on every sale. Like I said in my previous post, while we're in the festive season, keep you eyes on the chart. 👀
Quite disheartening that users had to suffer great loss and there wasn't any form of compensation from Binance. $ACX was a major culprit of this kind of manipulation. 😢
Binance Announcement
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Important Updates on Token Supply Information
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, We deeply value our community’s feedback and strive to provide the most useful and transparent information possible. Recently, we’ve received feedback regarding the circulating supply data displayed on the Binance App and the website, and we would like to share our plans to address user feedback and provide users with the best possible support. Current Circulating Supply Data Methodology At present, Binance sources circulating supply data from CoinMarketCap (CMC). CMC’s methodology of calculating circulating supply excludes allocations to insiders. For more details, please refer to the CMC website. Upcoming Changes: New Metrics from CMC As CMC introduces two new metrics, Unlocked Market Capitalization (UMC) and Unlocked Circulating Supply (UCS), Binance will also integrate these new data points to the token info section. For more details, please refer to this announcement. We thank the community for their feedback and kindly ask for your understanding and patience as we work towards implementing these two new metrics. Thank you for your support! Binance Team 2024-12-23
On point 👌"it looks good for long-term". Let's be patient. I saw it at 0.03 and I didn't load my bag. Now I'm buying at any price. 😅
nirvanacobain Square-Creator-2a58fbbf4
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$UTK now i am getting so bored with this token , would reach 0.10 and fall back quickly , i bought at 0.11 😭.looks good fora long term but i am starting to get annoyed because its not pumping s mucha as i wished .