Voyager Sends 250 Billion Shiba Inu Tokens to Coinbase: A $3.4M Move

Bankrupt crypto lender Voyager Digital is making headlines again. This time, it involves a massive transfer of Shiba Inu (SHIB) tokens to Coinbase. New data suggests that the bankrupt lender Voyager Digital is moving large amounts of Shiba Inu (SHIB) tokens to Coinbase. According to Peckshield, a blockchain analytics firm, Voyager has recently transferred a significant chunk of its SHIB holdings.

The Shiba Inu Transfer Details

The specific transaction involved 250 billion Shiba Inu tokens, valued at approximately $3.4 million, being sent to Coinbase. This follows a previous transfer of 1,500 Ether (ETH) and 250 billion Shiba Inu (SHIB) tokens, worth around $2.77 million and $2.7 million respectively.

Why is Voyager Moving Crypto to Coinbase?

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 fluctuating, causing concern amongst SHIB holders. Voyager, the bankrupt crypto brokerage firm, recently transferred $28.7 million of crypto assets to Coinbase and Binance US, suggesting a broader strategy of liquidating assets.

What Does This Mean for Shiba Inu (SHIB)?

Large movements of SHIB tokens can impact the market. Stay informed on the latest Voyager and Shiba Inu updates here as we continue to monitor these developments.