Bankrupt crypto lender Voyager shifts massive amounts of Shiba Inu coins (SHIB) and Ethereum (ETH) to Coinbase.
Bankrupt crypto lender Voyager has transferred over $5 million of its assets to San Francisco-based exchange Coinbase.
In a tweet shared today by Wu Blockchain, Voyager transferred a whopping 1,500 units of ETH ($2.77 million) and 250 billion units of SHIB ($2.7 million) to Coinbase.
Bankrupt crypto firm Voyager transferred 1,500 ETH ($2.77 million) and 250 billion SHIB ($2.7 million) to Coinbase. Additionally, Voyager is moving all remaining tokens to the main address. There are currently about $81.63 million worth of cryptocurrency in Voyager addresses.…
— Wu Blockchain (@WuBlockchain) August 12, 2023
Notably, the combined value of the crypto assets moved by Voyager is worth $5.47 at the time of the report.
Voyager Moves Its Assets to Main Address
While the recent transfer may seem substantial, it is nothing compared to Voyager’s extensive crypto portfolio.
Wu Blockchain said Voyager recently moved its remaining tokens to the main address. Per the media outlet, Voyager still holds various crypto assets valued at around $81.63 million.
Voyager’s Past Transfers of ETH & SHIB
It bears mentioning that Voyager has been moving huge amounts of its assets to Coinbase since it filed for bankruptcy. As reported by the Crypto Basic in March, Voyager shifted 250 billion SHIB (worth around $3 million) to Coinbase.
In addition, the crypto lender also moved 17,000 ETH and 12 million Voyager tokens (VGX) in different transactions. In a similar development, PeckShield reported that Voyager transferred 250B SHIB and 15K ETH to Coinbase in February.
#PeckShieldAlert Voyager has transferred $28.7M worth of cryptos to crypto-exchanges, including 15k $ETH ($25.3M) to BinanceUS & Coinbase ($ETH at $1,675) & 250B $SHIB ($3.4M) to Coinbase
Voyager received 105k $ETH ($ETH at $1,559 on the day of transfer) from FTX on 7th Sep. 2022 https://t.co/WiFFMRgQr0 pic.twitter.com/qw0uYvXNka
— PeckShieldAlert (@PeckShieldAlert) February 16, 2023
As reported earlier, Voyager sold a whopping 5.62 trillion SHIB coins between February and March 2023. While Voyager sells most of its assets on Coinbase, the crypto lender also uses Binance.US and Wintermute.
SHIB & ETH Prices Soar Despite Voyager’s Transfers
It is worth noting that the recent transfers did not negatively impact SHIB and ETH prices. At the time of writing this line, Ethereum is up 1%, trading around $1,848.
On the other hand, Shiba Inu has risen over 9% over the past 24 hours, changing hands at $0.00001091.