Shiba Inu at Risk? 3.1 Trillion SHIB Tokens in Jeopardy After Binance Voyager Deal Collapse

The Shiba Inu community is on high alert as 3.1 trillion SHIB tokens face potential market dumping following the failure of the Binance.US Voyager acquisition. The crypto space might see over 3.1 trillion Shiba Inu (SHIB) tokens dumped into the market along with other tokens, as Binance.US, the American counterpart of Binance, withdrew from the deal.

Voyager's Crypto Holdings: A Shiba Inu Time Bomb?

Binance.US has backed out of a deal to acquire bankrupt Voyager's assets, including over 3.1 trillion Shiba Inu tokens, leaving them at risk of a selloff. The bankrupt company still holds $260 million in crypto assets, with half in USDC and the other half in less stable cryptocurrencies, including 3.1 trillion Shiba Inu tokens worth $32 million. This massive holding has raised concerns within the SHIB community, fearing a significant price drop if Voyager liquidates its assets.

Trillions of Shiba Inu at Risk of Selloff

Trillions of Shiba Inu may be at risk of being sold, as the latest data from Dune Analytics on Voyager's assets indicates a significant amount of SHIB held up by the Voyager may continue to liquidate its crypto assets to compensate affected users. This could result in two trillion SHIB tokens being sold. Binance.US pulled out of a deal to acquire the Voyager assets due to regulatory uncertainty, leaving the fate of these tokens – and the SHIB price – uncertain.

Impact on the Shiba Inu Price

The potential for a large-scale selloff of 3.1 trillion SHIB tokens has sparked considerable anxiety among Shiba Inu holders. Analysts are closely watching Voyager's next moves, as a sudden influx of this many tokens into the market could significantly impact the price of Shiba Inu. Stay updated for the latest developments on the Voyager situation and its potential effect on your SHIB holdings.