Investing
Voyager’s token transfer to Coinbase sparks sell-off suspicions
© Reuters
Bankrupt cryptocurrency lender Voyager Digital transferred 1,500 Ether (ETH), worth around $2.77 million and an additional 250 billion (SHIB), worth roughly $2.7 million, to crypto exchange Coinbase (NASDAQ:) on Aug.11, according to Etherscan.
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.
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