Voyager Dumps 300 Billion Shiba Inu & 4000 Ethereum Tokens: Market Impact
Bankrupt crypto lending firm Voyager Digital continues its asset liquidation, triggering market concerns. Recent on-chain data reveals a significant dump of 300 billion Shiba Inu (SHIB) tokens and 4000 Ethereum (ETH) tokens. This action follows a trend, as Crypto lending firm Voyager has been on a dumping spree lately. According to Watcher Guru, Voyager is selling assets rapidly, exceeding a rate of 100 ETH.
Voyager\'s SHIB Dump: 300 Billion to Coinbase
Etherscan data confirms that Voyager moved 300 billion SHIB to Coinbase on August 14th. Exactly 300 billion Shiba Inu tokens, SHIB, have been sold by bankrupt crypto broker Voyager in the last 24 hours. According to the transaction data, the company received $3.75 million. This isn\'t the first time; the bankrupt crypto lender had previously moved 250 billion SHIB to the exchange. Voyager continues to sell off its SHIB (Shiba Inu) tokens even after Binance US’s acquisition of its assets.
4000 ETH Tokens Moved: Ethereum Under Pressure?
Alongside SHIB, Voyager has also transferred a substantial amount of Ethereum. According to the blockchain security and analysis company, Voyager has transferred 4000 ETH tokens worth $6.6 million. Bankrupt lending firm Voyager recently sent another batch of ethereum (ETH), voyager token (VGX) and shiba inu (SHIB) tokens to Coinbase as reports of a.
Why is Voyager Dumping?
Voyager, facing bankruptcy, is liquidating its assets to repay creditors. This forced selling is putting downward pressure on the prices of SHIB and ETH.
Potential Impact on Shiba Inu Price
The massive SHIB dump has raised concerns among Shiba Inu investors. Looking at the recent, Shiba Inu price run, it is expected that Voyager might move its cumulative SHIB holding to revive funds. This could lead to a price dump for Shiba.
Summary: Voyager\'s Cryptocurrency Sell-Off
Bankrupt crypto lender Voyager Digital has moved almost $6 million in Ethereum and Shiba Inu tokens to Coinbase. The asset movement has led to SHIB’s price volatility. Stay updated on the latest developments as Voyager continues its liquidation process. The market is closely watching for further movements of VGX, SHIB, and ETH from Voyager\'s holdings.