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 dropping by around 5% in the last 24 hours.
The firm holds over a trillion Shiba Inu tokens, raising concerns about the impacts of dumping the token on exchanges.
Voyager Transferring Different Assets to Exchanges
Over the past few days, the Arkham Intelligence dashboard shows that Voyager made several transactions involving digital assets like Ethereum, Shiba Inu, and USDC to Coinbase deposit addresses. The most recent transactions involved the transfer of 1,500 ETH and 250 billion SHIB tokens to Coinbase.
Market observers have suggested that the transactions indicated that the bankrupt firm was consolidating assets into its main address. Indicating that it might sell off these cryptocurrencies further.
This move followed the expiry of its 30 days windows, allowing users…
