[ccpw id="39382"]

HomeCrypto NewsMarketVoyager Moves 300B Shiba Inu To Coinbase, Sells 1.4T SHIB Within 4 Days

Voyager Moves 300B Shiba Inu To Coinbase, Sells 1.4T SHIB Within 4 Days


Written By:

Latest News

Following the latest rally from Shiba Inu, the bankrupt crypto lender Voyager Digital dumped 1.4 trillion SHIB in four days via Coinbase. 

- Advertisement -

Voyager Digital, the bankrupt crypto lending platform, has continued to dump its crypto holdings, including Shiba Inu (SHIB), on Coinbase. This has drastically reduced the total crypto assets held by the now-defunct company. 

Lookonchain called attention to the latest sales executed by Voyager earlier today. 

- Advertisement -

The disclosure revealed that Voyager sold 49 crypto assets on Coinbase over the past four days. It added that the firm had received 845 million USDC from Coinbase over time, with 85 million USDC deposited to Circle. 

In addition to the Shiba Inu tokens, these dumped assets included 781 BTC, 9,570 ETH, 234,660 LINK, 1.87M MATIC, and 3M MANA. Of the $63 million accrued from the latest sales, BTC accounted for $23 million, while ETH accounted for $17.6 million.

Voyager Dumps 1.4T Shiba Inu

In its latest sell-off batch, Voyager also dumped 1.4 trillion SHIB via Coinbase within four days, according to Lookonchain. These token sales were worth approximately $14.4 million.

Etherscan data reveals that Voyager moved 300 billion SHIB to Coinbase on August 14. Recall that the bankrupt crypto lender had moved 250 billion SHIB to the exchange on August 12. 

- Advertisement -

Following these recent movements, an updated spreadsheet shared by Lookonchain suggested the firm holds zero SHIB tokens. Meanwhile, Vogayer held 2 trillion SHIB as of July. This positioned the firm as Shiba Inu’s 4th largest holder then, as reported by The Crypto Basic.  

Voyager’s SHIB movements and sell-off surfaced amid the double-digit gains posted by the asset in the past weeks. Notably, the 1.4 trillion SHIB dump made less impact on the asset’s price. At press time, SHIB is up over 13% in the past seven days. 

This sustained rally has been attributed to the highly anticipated Shibarium mainnet launch expected to occur this month. Several market participants and fintech specialists believe SHIB could post more significant gains if the layer-2 scaling solutions live up to expectations.

Follow Us on Twitter and Facebook.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Ndianabasi Tom
Ndianabasi Tom
Ndianabasi Tom is a crypto journalist and content writer who has been talking about crypto and blockchain technology since 2018. With a knack for translating complex concepts into engaging narratives, he takes pleasure in educating and informing industry players about developments in space. Armed with industry expertise and a commitment to delivering accurate and thought-provoking content, he has produced thousands of articles including news and educational content for various projects and blogs, showcasing his versatility and dedication to his craft. He holds a Bachelor's degree in Petroleum Engineering.

More from Author