- Voyager transferred over $27.7 million worth of crypto assets to Coinbase, including 270 billion SHIB.
- On-chain analytics firm Lookonchain suggests Voyager may have been selling some assets through Coinbase.
- Shiba Inu experienced four days of gains but faced resistance at $0.0000118, still up 1.77%.
Crypto analytics platform, PeckShieldAlert has reported that bankrupt crypto lender Voyager has transferred crypto assets valued at more than $27.7 million to the Coinbase crypto exchange.
PeckShield has observed that among the crypto assets transferred from Voyager’s addresses are 270 billion SHIB, which is worth over $3 million.
Voyager’s transfer to Coinbase also included 17,000 ETH worth almost $19 million and 12 million VGX worth over $5 million. On-chain analytics firm Lookonchain suggests that Voyager may have been selling some of its assets through Coinbase since last month, as investors often move their assets to exchanges when looking to sell.
Moreover, it appears to have timed its sale of Shiba Inu tokens, selling them at a local top.
However, the price of SHIB has since been rejected twice in the past week around the range of $0.00001169 to $0.00001189, which could create a short-term barrier for the cryptocurrency.
Shiba Inu experienced four consecutive days of gains after rebounding from its low of $0.0000104 on March 10. However, on March 14, SHIB faced resistance at its high of $0.0000118, which led to a slight retreat. As of the time of writing, SHIB was still up by 1.77% over the last 24 hours, trading at $0.0000111 according to CoinMarketCap data.
In other news, WWD has reported that John Richmond, an English fashion designer and partner of Shiba Inu, is providing an opportunity to dress metaverse avatars in digital wearables that he designed himself.
The announcement was made separately from the news about Shiba Inu’s recent performance at the SXSW 2023 event, where the SHIB metaverse was introduced and received much attention. #Shiba Inu (SHIB) News.
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