According to PeckShield, a reputable blockchain security source, Voyager, a crypto lending firm that had previously filed for bankruptcy, has transferred $27.7 million worth of digital assets to Coinbase within the past 24 hours. The transfer included a huge amount of 270 billion Shiba Inu tokens worth $3 million, 17,000 Ethereum (ETH), and 12 million Voyager tokens (VGX).
Data from Etherscan.io indicates that Voyager transferred 270 billion SHIB tokens, which are valued at $3.05 million, to an unidentified wallet before moving them all to a Coinbase-associated wallet labeled as “Coinbase 10.”
After the significant transfer, the wallet connected to the crypto lending platform Voyager, which had filed for bankruptcy, now holds 3.39 trillion SHIB tokens, with a total value of $38.37 million.
This is not the first time that Voyager has transferred a large amount of Shiba Inu tokens to Coinbase. On February 16th, the company transferred 250 billion SHIB tokens worth $3.4 million to Coinbase. Prior to this, on February 2nd, the bankrupt crypto lender transferred 270 billion SHIB tokens in three separate transactions of 90 billion each to Coinbase, Kraken, and BinanceUS.
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As previously reported by fxcryptonews, the bankrupt crypto lending platform Voyager has sold an enormous amount of 5.62 trillion SHIB tokens, which is equivalent to $67.54 million, since February. This was accomplished via a significant distribution campaign using a variety of cryptocurrency exchanges, including Coinbase, Binance.US, and Wintermute, with the majority of the assets being sold through Coinbase.
Despite the large selloff by Voyager, the price of Shiba Inu has continued to rise over the past 24 hours. As of now, Shiba Inu is being traded at a price of $0.00001130, which is up 2.9% from the previous day, with a trading volume of $582.01 million over the last 24 hours.