Bankruptcy crypto lending platform Voyager’s transfers to Coinbase did not go unnoticed.
Bankrupt crypto issuer Voyager transferred high-value cryptocurrencies to Coinbase today. The crypto community monitored the transfers via Etherscan.
Voyager’s crypto transfer to Coinbase raises suspicion
The transfer of Ethereum and Shiba Inu tokens to Coinbase by bankrupt cryptocurrency lender Voyager Digital has sparked selling speculation in the crypto community.
In the transaction that took place on August 11, Voyager Digital transferred 1,500 Ethereum and 250 billion Shiba Inu tokens worth approximately $2.77 million to Coinbase. This transaction sparked various speculations within the crypto community. One theory was that this transfer was due to Voyager having to sell its assets due to financial troubles.
Some sources have suggested that Voyager consolidated tokens from multiple addresses and that this transfer was not a liquidation. There is also speculation that Voyager may have put SHIB and other crypto assets up for sale in the past months.
In particular, Voyager’s previous court-approved sale of its holdings on BinanceUS and subsequent liquidation of over $56 million across three cryptocurrency exchanges has led to more speculation about the reasons behind this transfer.
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