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Transfer of tokens from Voyager to Coinbase raises some doubts

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.

Screenshot of transfers from Voyager to Coinbase. Source: Etherscan

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.

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