Billions of Meme Coins Moved to Coinbase: What’s Happening?

Bankrupt cryptocurrency issuing company Voyager270 billion Shiba Inu (SHIB) Transferred to Coinbase.

Blockchain security company PeckShieldfound that Voyager, which had previously filed for bankruptcy, transferred $27.7 million worth of assets to Coinbase in the past 24 hours. This major transfer will be worth $270 million, with 3 billion Shiba Inu tokens, 17,000 Ethereum (ETH) and 12 million Voyager tokens (VGX). contains. data, all labeled “Coinbase 10” after Voyager sent 270 billion SHIB worth $3,053,700 to an unknown wallet coinbase He stated that he carried it in a wallet associated with it.

Shiba Inu transfer

Following the massive transfer, the wallet associated with the bankrupt crypto lending platform Voyager was left with 3,393,149,342,541 worth $38,376,519.

Voyager Shiba coin

This isn’t the first time Voyager is moving large volumes of Shiba Inu to Coinbase. Earlier on February 16, Voyager moved 250 billion Shiba Inu tokens worth $3.4 million to Coinbase. Prior to that, on February 2, the bankrupt crypto lender transferred 90 billion SHIB to Coinbase, Kraken and Binance in three transactions of 270 billion.

As reported, the company has so far sold 5.62 trillion SHIB worth $67.54 million. Although the distribution was carried out with many different exchanges, the sales were made through Coinbase.

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Source : The Crypto Basic

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