Bankrupt crypto lender still holds significant amount of Shiba Inu (SHIB)
Lookonchain claims that insolvent cryptocurrency broker Voyager is still liquidating its holdings and that it just liquidated a sizeable portion of its Shiba Inu (SHIB) holdings. Despite this, it retains a sizeable amount, specifically, 5.17 trillion SHIB. The estimated worth of this is $57.78 million.
Voyager sold 1,449 $ETH via Wintermute and received 2.25M $USDC 2 hrs ago, the selling price is $1,553.
Voyager is still selling assets and currently holds:
– 148,774 $ETH($233.5M)
– 5.17T $SHIB($57.78M)
– 1.44M $LINK($10M)
– 1.17B $STMX($7.3M)
– 411,052 $AVAX($6.7M)
— Lookonchain (@lookonchain) March 5, 2023
What this signifies for the value of SHIB has been a topic of discussion in light of the circumstance. Some think other variables may be at play, while some think the lender may be holding off on selling its remaining SHIB holdings until the market is more favorable.
The defunct cryptocurrency broker shifted 300 billion SHIB to the Coinbase cryptocurrency exchange twice last week. Moreover, Lookonchain reported that between the middle of February and the beginning of March, Voyager transferred 2.24 trillion SHIB worth $28 million to Coinbase.
Shiba Inu (SHIB) lead developer Shytoshi Kusama teases the community with a mysterious tweet that reads, “Confirming with the Ghosts a second time,” as anticipation for the release of the Shibarium beta continues. BunnyVerse Token Official has confirmed that it completely supports Shibarium and Shytoshi Kusama’s vision for a decentralized future, joining projects that already support the Layer 2 solution.
176,920,466 SHIB tokens have been burned in the last seven days, and 11,212,649 SHIB have been burned in the last 24 hours.
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