Voyager Dumps Shiba Inu, Ethereum, & Chainlink: What\'s Happening?
Bankrupt crypto lender Voyager Digital is making waves in the crypto market with massive liquidations of its holdings, including significant amounts of Shiba Inu (SHIB), Ethereum (ETH), and potentially other altcoins like Chainlink. This sell-off is raising concerns and prompting speculation about its impact on the market.
Voyager\'s Massive Crypto Dump: Shiba Inu Leads the Way
On-chain data indicates that Voyager has been aggressively selling its crypto assets. A key focus has been on Shiba Inu. Reports suggest that Voyager has dumped significant amounts of SHIB. For instance, one source states that Voyager has dumped 1.4 trillion Shiba Inu tokens worth $14.4 million this week. Shiba Inu topped the list with Voyager selling 400 billion SHIB tokens, a sale alone worth $4.4 million. Beleaguered crypto lender Voyager is selling troves of its Shiba Inu (SHIB) holdings as it liquidates millions worth of the crypto asset on the US-based digital asset. The sell-off comes on the heels of a possible Shibarium launch this month, adding another layer of complexity to the situation.
Ethereum Liquidations: $56 Million and Counting
Ethereum is also being impacted. On March 9, on-chain data indicated that the bankrupt crypto exchange Voyager had liquidated $56 million in Ethereum (ETH). Another report notes that Bankrupt crypto lender Voyager Digital has moved 1,500 Ethereum (ETH) worth approximately $2.77 million. On-chain data points to massive liquidations from the bankrupt crypto exchange Voyager. El prestamista criptográfico en quiebra Voyager vendió tenencias de Ethereum a cambio de monedas estables como USDC, mientras poseía casi $ 57,78 millones en tenencias de On-chain analytics firm Arkham Intelligence reported that bankrupt crypto exchange Voyager had liquidated $56 million worth of Ethereum (ETH), Voyager Token. The lending platform sold Ethereum holdings in exchange for stablecoins such as USDC.
Why is Voyager Dumping Crypto?
Voyager\'s liquidation of these assets is a direct result of its bankruptcy proceedings. The company is selling off its assets to repay creditors. This fire sale is putting downward pressure on the price of the affected cryptocurrencies. El prestamista de criptomonedas en quiebra Voyager vendió participaciones de Ethereum a cambio de stablecoins como USDC, mientras que se mantuvo en casi 57.78.
Chainlink (LINK) and Other Altcoins
While Shiba Inu and Ethereum have been the primary focus, it\'s likely Voyager is also liquidating other altcoins, possibly including Chainlink. Keep an eye on market movements and on-chain data for potential sell-offs of other crypto assets held by Voyager. On March 9, the exchange reportedly liquidated $56 million in Ethereum (ETH), Voyager Token (VGT), Shiba Inu.
What\'s Next for SHIB, ETH, and the Market?
The ongoing Voyager liquidation is a significant event to watch. The market impact will depend on the pace of the sell-off and overall market sentiment. Expect volatility in the short term, especially for Shiba Inu and Ethereum. Traders and investors should exercise caution and conduct thorough research before making any decisions.