17 days ago 1 min read

Voyager Transferred Crypto Assets Worth $27.7 Million To Exchange Coinbase

coinbase-shibu inu-voyager
  • To Coinbase (NASDAQ:COIN), Voyager transferred cryptocurrency assets totaling over $27.7 million, including 270 billion SHIB.
  • Lookonchain, an on-chain analytics company, speculates that Voyager might have sold some assets via Coinbase.
  • Shiba Inu gained for four days until hitting resistance at $0.0000118, where it is currently up 1.77%.

Based to the crypto analytics portal PeckShieldAlert, the defunct crypto lender Voyager transferred cryptocurrency assets worth more than $27.7 million to the Coinbase exchange.

Additionally, 17,000 ETH worth about $19 million and 12 million VGX worth more than $5 million were transferred by Voyager to Coinbase. As investors frequently move their assets to exchanges when looking to sell, on-chain analytics company Lookonchain speculates that Voyager may have been selling some of its assets through Coinbase since last month.

As it seems to have timed the sale of Shiba Inu tokens, offering them at a regional high.

SHIB's price has now been rejected twice in the last week in the $0.00001169 to $0.00001189 range, which would put a temporary roadblock in the way of the cryptocurrency.

Shiba Inu rose for four days in a row following its recovery from its March 10 low of $0.0000104. On March 14, SHIB, however, encountered resistance at its high of $0.0000118, which caused a small decline. SHIB was trading at $0.0000111 at the time of writing, up 1.77% over the previous 24 hours.

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