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

New information reveals that bankrupt crypto lender Voyager Digital simply moved lots of of billions of meme token Shiba Inu (SHIB) from Coinbase.

Based on the blockchain-tracking platform Lookonchain, Voyager’s most up-to-date sell off consists of the liquidation of 400 billion SHIB value 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 value 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 obtained whole of 33,700,000 USD coin (USDC) from Wintermute Buying and selling, Binance US and Coinbase.

Supply: Lookonchain/Twitter

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

“Voyager presently holding $757.8 million value 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)
Supply: Lookonchain/Twitter

Voyager has carried out comparable transactions in latest weeks. Different notable ones embody shifting 250 billion SHIB value about $3.4 million to Coinbase and shifting 15,000 Ethereum value $25.3 million to each Coinbase and Binance, the world’s largest crypto change 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 value lots of of hundreds of thousands of {dollars}.

Voyager ultimately filed for chapter and got here to an settlement to promote its belongings and switch its prospects to Binance.US. The deal just isn’t but remaining, but it surely simply cleared one large hurdle after U.S. Chapter Decide Michael Wiles authorized the deal, in keeping with Reuters.

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

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