Voyager Digital Offloads Crypto Assets on Coinbase, Including SHIB Tokens

Voyager Digital offloads crypto assets on Coinbase

A recent report by Lookonchain reveals that Voyager Digital, the bankrupt crypto lending platform, has been selling off its crypto assets on Coinbase. The sales over the past four days amounted to approximately $63 million and included a variety of tokens such as SHIB, Bitcoin, Ethereum, Chainlink, Polygon, and Decentraland. Despite the sell-off, the price of SHIB has remained resilient, with a surge of over 14.2% in the past week. This is largely attributed to the forthcoming Shibarium mainnet launch, which has generated optimism among investors. The current price of SHIB is $0.00001019, with a key resistance level at $0.00001121.

Key Points:

Voyager Digital has sold 49 different crypto assets on Coinbase, generating $63 million in revenue.
Significant amounts of Bitcoin, Ethereum, Chainlink, Polygon, and Decentraland were sold.
Voyager’s remaining assets include VGX, BTC, KNC, FTM, STMX, and GALA.
The sell-off has completely liquidated Voyager’s SHIB holdings, potentially reducing sell pressure on the token.
Despite the sell-off, the price of SHIB has seen a surge of over 14.2% in the past week.

Hot Take:

The sell-off of Voyager Digital’s crypto assets on Coinbase has raised eyebrows, but the SHIB community may benefit from this as it has completely liquidated Voyager’s SHIB holdings. This could potentially alleviate sell pressure on the Shiba Inu token in the future. The price of SHIB has remained resilient, fueled by optimism surrounding the forthcoming Shibarium mainnet launch. However, investors should approach the launch with caution, as its impact may only be seen in the long term. The current resistance level for SHIB is at $0.00001121, with potential for a 21% rise if a breakout occurs.