Voyager Liquidates 1,396,159,318,339 Shiba Inu (SHIB) on Coinbase As Bankruptcy Process Continues: On-Chain Data
Beleaguered crypto lender Voyager is promoting troves of its Shiba Inu (SHIB) holdings because it liquidates tens of millions price of the crypto asset on the US-based digital asset change Coinbase.
Information from the blockchain analytics platform Lookonchain shows that within the final a number of days, Voyager offered 49 completely different tokens on Coinbase amounting to about $63 million.
Shiba Inu makes up practically 23% of the full sale as Voyager liquidated nearly 1.4 trillion SHIB, valued at $14.4 million. The crypto asset is at the moment price $0.0000093, down by over 9% prior to now 24 hours.
Voyager additionally liquidated 781 Bitcoin (BTC) and 9,570 Ethereum (ETH) price $22.97 million and $17.64 million, respectively.
The embattled agency additionally unloaded 234,660 Chainlink (LINK) price $1.74 million, 1.86 million Polygon (MATIC) valued at $1.27 million and three.006 million Decentraland (MANA) price 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 certainly one of its largest prospects, crypto hedge fund Three Arrows Capital (3AC), defaulted on its loans price round $650 million.
In March, a chapter court docket 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 enable its prospects to get better 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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