Bankrupt crypto lender Voyager has made several noteworthy meme coin transfers. Voyager; Coinbase sent 270 billion SHIB to Kraken and Binance.US in three separate transactions of 90 billion each. Here are the details.
Crypto analytics platform Lookonchain reported the developments via Twitter. shared. Transfers took place about 12 hours ago. According to more detailed data, in the first transfer, meme coins were sent to what Lookonchain calls the Binance.US deposit address. On the other hand, according to Lookonchain, the crypto lender still has 6.8 trillion SHIB.
Voyager transferred 270B $SHIB($3.2M) to #Coinbase, #Kraken and #BinanceUS 7 hrs ago.
And still holds 6.8T $SHIB($82M) now.https://t.co/26spZXEvwU pic.twitter.com/iBojI3rb0W
— Lookonchain (@lookonchain) February 2, 2023
The reason behind these actions is unknown. However, these large transfers did not go unnoticed by the meme coin community. Many in the community think Voyager wants to monetize the last market rally to pay back creditors. In addition, there was also a fear that the SHIB price could be adversely affected by the possibility of a sell-off.
Meme coin is trading at $0.000012, up 2.91% in the last 24 hours in line with the ongoing rally in the general market.
It is worth remembering that Voyager filed for bankruptcy in July after the collapse of the Terra ecosystem, which had a ripple effect on the entire crypto space in May. In the latest news about the company, Voyager has received its first court approval to sell its assets to Binance US for $1.02 billion.
You can follow the current price action here.
Source : the crypto basic