Voyager Pockets $610 Million After Selling Shiba Inu and Ethereum: What's Next?

The saga of bankrupt cryptocurrency lender Voyager Digital continues. In the previous month, the defunct cryptocurrency lender Voyager has managed to pocket $610 million USDC in two different addresses. These funds are the result of strategic asset liquidation, specifically the sale of Shiba Inu (SHIB) and Ethereum (ETH).

Voyager Receives $610M USDC From Selling Shiba Inu & Ethereum

Voyager Digital is beginning to cash out U.S. dollars received from the sale of Shiba Inu (CRYPTO: SHIB), Ether (CRYPTO: ETH), and the Voyager Token (CRYPTO: VGX). The on-chain data confirms that Voyager Digital has begun cashing out US dollars that have been flushed into the bankrupt crypto lender’s coffers through the sale of Shiba Inu. According to data obtained by @lookonchain SmartMoney tracker, over the past month, bankrupt crypto lender Voyager Digital has received an astounding sum in USDC, totaling a significant $610 million.

What Assets Does Voyager Still Hold?

Despite the substantial sale, the bankrupt lender still holds 3.1 trillion Shiba Inu (SHIB) tokens and 39,113 Ethereum (ETH). This raises questions about future liquidation strategies and the potential impact on the market. The Bankrupt crypto lender Voyager has received up to $610 million worth of USDC in two separate addresses in the past month. These funds come from the lender’s asset reserves, earmarked for creditor repayment as part of the bankruptcy proceedings.

Implications for Voyager Creditors and the Crypto Market

The $610 million USDC pocketed by Voyager Digital represents a significant step towards fulfilling its obligations to creditors. However, the remaining SHIB and ETH holdings continue to loom large, raising concerns about future sell-offs and their potential effect on the prices of these cryptocurrencies. Market watchers are closely monitoring Voyager's next moves, as they could have considerable influence on the broader crypto landscape.