Bankrupt crypto lender Voyager continues to dump its crypto holdings. As we previously reported, the firm has sold a significant portion of SHIB assets. At this point, meme coin investors are wondering if the sale will continue.
Shared by Lookonchain data According to Voyager, it still holds a significant amount of 5.17 trillion SHIB. This meme coin amount represents an estimated value of $57.78 million.
Voyager left 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:
NEWS CONTINUES BELOW– 148,774 $ETH($233.5M)
– 5.17T $SHIB($57.78M)
– 1.44M $LINK($10M)
– 1.17B $STMX($7.3M)
– 411,052 $AVAX($6.7M)
… pic.twitter.com/VnaJJUh5nv— Lookonchain (@lookonchain) March 5, 2023
NEWS CONTINUES BELOW
According to some crypto investors, the bankrupt firm may be waiting for a more favorable market before selling its remaining SHIB holdings. So an increase in the price of the meme coin would be a more logical step for selling. On the other hand, according to some community members, other factors may be at play.
Koinfinans.com In both cases, as we reported, 300 billion SHIB was transferred by the bankrupt crypto broker to the Coinbase crypto exchange last week. Lookonchain also reported that it transferred $2.24 trillion worth of $28 million from Voyager to Coinbase from mid-February to early March.
Shibarium and SHIB burning
Besides, there is a more important development on the agenda of the meme coin community. The community is essentially waiting for the Shibarium beta to be released.
BunnyVerse Token Official, which has participated in projects demonstrating support for the Tier 2 solution, has announced that it fully supports Shibarium’s vision for a decentralized future.
Regarding the SHIB burning, a total of 176,920,466 SHIBs were removed from circulation in the last seven days, while 11,212,649 meme coins were burned in the last 24 hours.
You can follow the current price action here.