Overview

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As per reports, the embattled crypto broker platform has been selling off its cryptocurrency holdings at a fast rate. Many investors fear that Voyager’s recent transactions Voyager has sold over $100 million in multiple crypto assets. As reported by Lookonchain, Voyager started receiving the USDC on, with the sales having On-chain data suggests that bankrupt crypto lender Voyager has been sending assets to Coinbase on a daily basis. In a series of tweets on Feb. 26, blockchain Voyager has been selling assets at a fast pace over the past few days. Watcher Guru reported several such transfers by analyzing Voyager currently holds crypto assets worth $631 million, with SHIB representing the third-highest value. In the coming weeks, the Shiba Inu price may continue to Bankrupt lending firm Voyager recently sent another batch of ethereum (ETH), voyager token (VGX) and shiba inu (SHIB) tokens to Coinbase as reports of a Despite Binance US’s acquisition of its assets, Voyagerthe insolvent North American cryptocurrency broker, continues to sell off its SHIB (Shiba Inu) tokens. Voyager According to the blockchain security and analysis company, Voyager has transferred 4000 ETH tokens worth $6.6 million, 300 billion Shiba Inu tokens worth $3.7 Voyager Digital, the now bankrupt crypto lender, is under fire after on-chain data suggested it is selling its assets, apart from converting around $100 million to USDC Bankrupt crypto lender Voyager Digital has moved almost $6 million in Ethereum and Shiba Inu tokens to Coinbase. The asset movement has led to SHIB’s price

Voyager Dumps Shiba Inu & Ethereum: Selling $100M in Assets Weekly - What's Happening?

Worried about the recent crypto market movements? You're not alone. All eyes are on Voyager Digital, the bankrupt crypto lender, as on-chain data reveals they are aggressively selling off their cryptocurrency holdings, including significant amounts of Shiba Inu (SHIB) and Ethereum (ETH). As per reports, the embattled crypto broker platform has been selling off its cryptocurrency holdings at a fast rate. But why? And what does this mean for the future of SHIB and the broader crypto market?

Voyager's Mass Crypto Sell-Off: Key Highlights

  • $100M+ Sold Weekly: Many investors fear that Voyager’s recent transactions Voyager has sold over $100 million in multiple crypto assets. This constant liquidation is causing volatility and concern among investors.
  • Shiba Inu (SHIB) Under Pressure: Voyager currently holds crypto assets worth $631 million, with SHIB representing the third-highest value. The news of Voyager dumping SHIB is impacting the coin's price. In the coming weeks, the Shiba Inu price may continue to experience volatility as Voyager continues its sales. Despite Binance US’s acquisition of its assets, Voyagerthe insolvent North American cryptocurrency broker, continues to sell off its SHIB (Shiba Inu) tokens.
  • Ethereum (ETH) Also Impacted: It's not just SHIB. Voyager is also selling off substantial amounts of Ethereum. Bankrupt lending firm Voyager recently sent another batch of ethereum (ETH), voyager token (VGX) and shiba inu (SHIB) tokens to Coinbase as reports of a rapid asset liquidation continue.
  • Coinbase as a Liquidation Point: On-chain data suggests that bankrupt crypto lender Voyager has been sending assets to Coinbase on a daily basis. Bankrupt crypto lender Voyager Digital has moved almost $6 million in Ethereum and Shiba Inu tokens to Coinbase. The asset movement has led to SHIB’s price fluctuations. As reported by Lookonchain, Voyager started receiving the USDC on, with the sales having a direct impact on the market.

Why is Voyager Selling?

The driving force behind this mass sale is Voyager's bankruptcy proceedings. Voyager Digital, the now bankrupt crypto lender, is under fire after on-chain data suggested it is selling its assets, apart from converting around $100 million to USDC to repay creditors. The firm is liquidating assets to meet financial obligations and distribute funds as part of the bankruptcy resolution.

Expert Analysis & Market Impact

Experts are closely monitoring Voyager's transactions to predict future market movements. Voyager has been selling assets at a fast pace over the past few days. Watcher Guru reported several such transfers by analyzing transaction data. According to the blockchain security and analysis company, Voyager has transferred 4000 ETH tokens worth $6.6 million, 300 billion Shiba Inu tokens worth $3.7 million, highlighting the scale of the sell-off. In a series of tweets on Feb. 26, blockchain analysts have pointed out the rapid pace of asset disposal.

Stay updated on the latest crypto news and market analysis to navigate these volatile times effectively. Understanding the factors impacting coins like Shiba Inu and Ethereum is crucial for making informed investment decisions.

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