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Voyager Liquidates 400,000,000,000 Shiba Inu on Coinbase As the Embattled Lender’s Selling Spree Gathers Steam

Cryptobestcoins by Cryptobestcoins
March 10, 2023
in Altcoin
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Voyager Liquidates 400,000,000,000 Shiba Inu on Coinbase As the Embattled Lender’s Selling Spree Gathers Steam
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New information reveals that bankrupt crypto lender Voyager Digital simply moved tons of of billions of meme token Shiba Inu (SHIB) from Coinbase.

In accordance with the blockchain-tracking platform Lookonchain, Voyager’s most up-to-date sell off consists of the liquidation of 400 billion SHIB price about $4.4 million.

Along with the massive SHIB transaction, Voyager additionally unloaded 27,255 Ethereum (ETH) valued at $42 million, 11 million Voyager Token (VGX) valued at $6.3 million and 160,000 Chainlink (LINK) valued at $1 million.

“Voyager retains promoting belongings! Voyager bought $56 million price of belongings previously 24 hours, together with:

  • 27,255 ETH ($42 million)
  • 11 million VGX ($6.3 million)
  • 400 billion SHIB ($4.4 million)
  • 160,000 LINK ($1 million)”

Lookonchain additionally notes that Voyager simply acquired complete of 33,700,000 USD coin (USDC) from Wintermute Buying and selling, Binance US and Coinbase.

Image
Supply: Lookonchain/Twitter

The blockchain-tracking platform provides a listing of the $757.8 million price of belongings Voyager nonetheless has available, together with a complete of 459.8 million USDC.

“Voyager at the moment holding $757.8 million price of belongings, together with:

  • 459.8 million USDC
  • 102,306 ETH ($157.7 million)
  • 122.4 million VGX ($61.7 million)
  • 4 trillion SHIB ($44.2 million)
  • 1.28 million LINK ($8.5 million)
  • 8.95 million MANA ($4.9 million)
  • 6.6 million FTM ($2.4 million)
  • 454,805 APE ($2 million)
  • 3.44 million SAND ($2 million)
  • 3.9 million ENJ ($1.55 million)
Image
Supply: Lookonchain/Twitter

Voyager has performed related transactions in latest weeks. Different notable ones embody moving 250 billion SHIB price about $3.4 million to Coinbase and shifting 15,000 Ethereum price $25.3 million to each Coinbase and Binance, the world’s largest crypto alternate platform by quantity.

Final July, Voyager was compelled to close down buyer withdrawals and deposits after crypto agency Three Arrows Capital was unable to pay again a mortgage price tons of of hundreds of thousands of {dollars}.

Voyager finally filed for chapter and got here to an settlement to promote its belongings and switch its clients to Binance.US. The deal shouldn’t be but last, however it simply cleared one huge hurdle after U.S. Chapter Decide Michael Wiles accredited the deal, in accordance with Reuters.

Shiba Inu is buying and selling for $0.0000100 at time of writing.

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Disclaimer: Opinions expressed at The Day by day Hodl aren’t funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any loses you might incur are your accountability. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please be aware that The Day by day Hodl participates in affiliate marketing online.

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