on August 11 second ether scan, Voyager Digital transferred 1,500 Ether (ETH), worth approximately $2.77 million, and Another 250 billion Shiba Inu (SHIB), worth approximately $2.7 million, Crypto exchange Coinbase.
The reason for the transactions has sparked several speculations within the crypto community.. One theory suggests there was a sale as the transfers slashed the crypto lender’s wallet in $81.63 million worth of digital assets.
Transactions occurred every hour, according to Etherscan. The sharp movement of the tokens ignited discussions about a possible liquidation. But, some sources claim that Voyager collects all tokens under one primary address.
The sales hypothesis is further supported by the divestment in SHIB, which Voyager has been running since the beginning of 2023.. The company in February Transferred nearly $10 million worth of digital assets on several crypto exchanges in a single day.
Transferred tokens include: 270 billion SHIBworth $3.2 million; 4.9 million Voyager Tokens (VGX), valued at $2.1 million; 3,050 ETHworth $3 million; And 221,000 Chain Links (LINKS), worth $1.5 million.
Following the acquisition of the lender’s assets by Binance.UScourt-approved blockchain analytics platform search chain disclosed Voyager liquidates digital investments worth more than they’re worth $56 million on three crypto exchanges. The exchange, which went bankrupt after about three months, made several transactions that resulted in the transfer of approximately 350 billion SHIB tokens.