SHELL 24-hour increase of 18% Behind the scenes, the project team launches an $8 million buyback plan

MyShell (SHELL) has recently shown strong performance. According to the latest news, as of January 20th, SHELL is priced at $0.06, up 18.49% in the past 24 hours, with a market cap of approximately $17.9 million, an increase of $2.8 million compared to yesterday. Behind this surge, there are both market sentiment factors and actual actions taken by the project team.

Multiple Drivers of Short-Term Price Increase

Price performance and trading volume are abnormal

The increase in SHELL’s price is not limited to 24 hours. According to relevant information, the project’s performance over longer timeframes is even more noteworthy:

More notably, trading volume has exploded. The 24-hour trading volume reached $45.54 million, a change of 334.18% from the previous day. This indicates a significant increase in trading activity and short-term capital inflows.

Actual Actions by the Project Team

Price increases do not happen out of thin air. According to the latest information, the MyShell project team launched an $8 million SHELL token buyback plan on January 12th, aiming to use funds obtained from market makers during trading to repurchase tokens, stabilize the token price, and boost market confidence. So far, about $5.43 million has been repurchased, with progress exceeding 67%.

This proactive buyback initiative is often interpreted by the market as a confirmation of the project’s own value and is a common method to stabilize token prices.

Long-Term Support for Decentralized AI Ecosystem

Behind the short-term gains, there are deeper fundamental changes in the project. According to reports, MyShell has officially launched a decentralized AI agent ecosystem, encouraging users to build and share AI agents and earn rewards in SHELL tokens. This marks the project’s evolution from mere speculative symbolism to practical application scenarios.

The project emphasizes “AI as a community masterpiece” and “ownership by users in the future,” indicating that the project is building a decentralized AI economic model from the technical foundation, rather than just hype. This shift is significant for long-term value support.

Basic Information about the Project

MyShell was launched on February 12, 2025, and is based on the Ethereum platform. Although the project has been live for less than a year, it is traded on 165 markets. The current circulating supply is approximately 323 million tokens, with a total supply of 1 billion tokens, and a circulation ratio of about 32%.

Risks to Watch Out For

While the short-term performance is impressive, investors should remain rational. SHELL’s current market cap is only $17.9 million, ranking 794th in the entire cryptocurrency market, still a small-cap project. Small-cap projects tend to be more volatile, and prices may experience rapid adjustments.

Additionally, although the project team’s buyback plan can support the price in the short term, long-term value ultimately depends on the actual development of the ecosystem and genuine user adoption.

Summary

SHELL’s recent rise results from multiple factors: the $8 million buyback plan by the project team provides direct support, the launch of the decentralized AI ecosystem demonstrates the project’s development direction, and increased market sentiment and trading activity amplify these effects.

In the medium term, ongoing attention should be paid to the project team’s actual actions and ecosystem development progress. However, as a small-cap project, SHELL still carries high volatility risk. Investors should monitor market risks carefully while following the project’s progress.