According Search on the channelBankrupt crypto broker Voyager continues to sell its assets and has reportedly sold off a significant portion of its SHIB holdings.
Despite this, he still holds a significant amount – 5.17 trillion SHIB, to be exact. This represents an estimated value of $57.78 million.
Voyager sold 1,449 $ETH via Wintermute and received 2.25M $USDC 2 hours ago, the sale price is $1,553.
Voyager is still selling assets and currently holds:
– 148,774 $ETH($233.5M)
– 5.17T $SHIB($57.78M)
– 1.44M $LINK($10M)
– 1.17B $STMX($7.3M)
– 411 052 $AVAX($6.7M)
— Lookonchain (@lookonchain) March 5, 2023
The situation has raised questions about what this means for SHIB’s value. Some believe the lender may be waiting for a more favorable market before selling its remaining SHIB holdings, while others believe there may be other factors at play.
In two cases, 300 billion SHIB was moved by the bankrupt crypto broker to the Coinbase crypto exchange last week.
Lookonchain also reported 2.24 trillion SHIB worth $28 million transferred from Voyager to Coinbase from mid-February to early March.
Shibarium and SHIB burning
While expectations for the Shibarium beta launch remain, lead Shiba Inu (SHIB) developer Shytoshi Kusama teases the community with a cryptic tweet: “Confirm with ghosts a second time.”
Join projects that have indicated support for the Layer 2 solution, BunnyVerse Token Official has announced that it fully supports Shibarium and Shytoshi Kusama’s vision for a decentralized future.
Re SHIB burningin the last seven days, a total of 176,920,466 SHIB tokens were burned, while 11,212,649 SHIB tokens were burned in the last 24 hours.