Voyager Liquidates 1,396,159,318,339 Shiba Inu (SHIB) on Coinbase As Bankruptcy Process Continues: On-Chain Data

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Beleaguered crypto lender Voyager is promoting troves of its Shiba Inu (SHIB) holdings because it liquidates tens of millions value of the crypto asset on the US-based digital asset change Coinbase.

Knowledge from the blockchain analytics platform Lookonchain exhibits that within the final a number of days, Voyager bought 49 totally different tokens on Coinbase amounting to about $63 million.

Shiba Inu makes up practically 23% of the entire sale as Voyager liquidated nearly 1.4 trillion SHIB, valued at $14.4 million. The crypto asset is at present value $0.0000093, down by over 9% prior to now 24 hours.

Voyager additionally liquidated 781 Bitcoin (BTC) and 9,570 Ethereum (ETH) value $22.97 million and $17.64 million, respectively.

The embattled agency additionally unloaded 234,660 Chainlink (LINK) value $1.74 million, 1.86 million Polygon (MATIC) valued at $1.27 million and three.006 million Decentraland (MANA) value about $1.1 million.

Voyager is promoting off its belongings amid its chapter woes. The corporate filed for Chapter 11 chapter safety in July final yr after one among its largest prospects, crypto hedge fund Three Arrows Capital (3AC), defaulted on its loans value round $650 million.

In March, a chapter courtroom issued a ruling permitting Voyager to promote its belongings to the US arm of crypto change Binance. The corporate had hoped that the sale would permit its prospects to recuperate 73% of their belongings on the time, however Binance.US known as off the asset buy settlement the next month due to regulatory uncertainties within the US.

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