Voyager's ongoing token transfer to Coinbase stirs growing selloff suspicions.
The motive behind the transactions has triggered speculation within the broader crypto community. One theory suggests a probable sell-off, given that the transfers have diminished the distressed crypto lender’s wallet holdings to $81.63 million of digital assets.
The transactions occurred at one-hour intervals, according to Etherscan. The abrupt movement of the tokens has triggered discussions regarding a possible liquidation. However, some sources say that Voyager is consolidating all tokens from various addresses into a primary address.The speculation of a sell-off is further supported by Voyager’s ongoing divestment of its SHIB holdings since the start of 2023. In February, the companyto multiple cryptocurrency exchanges in a single day.
The tokens moved include 270 billion SHIB, worth $3.2 million; 4.9 million Voyager Token , worth $2.1 million; 3,050 ETH, worth $3 million; and 221,000 Chainlink (
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