Gemini

Shiba Inu

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
Unusual activity has been observed in the recent movements of a wallet associated with bankrupt North American cryptocurrency broker <a href="https://debank.com/profile/0x500a746c9a44f68fe6aa86a92e7b3af4f322ae66">Voyager</a>. In a surprising turn of events, a staggering 25 billion <a href="https://u.today/shib-price-takes-u-turn-after-epic-shiba-inu-teaser-is-unveiled">Shiba Inu (SHIB)</a> tokens, with a current value of approximately $183,275, were transferred from the wallet.
However, what has piqued interest is the destination of these tokens, as they were not sent to any exchange address or the broker's fund wallet. Instead, they were transferred to an address linked to the SHIB token itself.
<a href="https://u.today/shiba-inu-shib-300-trillion-resistance-raises-some-concerns">card</a>
The Voyager wallet, despite its bankruptcy status, still retains a significant holding of 2.84 trillion <a href="https://u.today/shiba-inu-shib-300-trillion-resistance-raises-some-concerns">Shiba Inu</a> tokens, equivalent to an astonishing $20.8 million. It is worth noting that just a few months ago, the wallet's holdings were as high as 6.6 trillion SHIB, indicating substantial fluctuations in the assets controlled by the broker.
<img alt="" data-entity-type="file" data-entity-uuid="c4ae9630-1152-495f-8274-7b166435cf4f" src="https://u.today/sites/default/files/inline-images/debshib.png">Source: <a href="https://debank.com/profile/0x500a746c9a44f68fe6aa86a92e7b3af4f322ae66/history">DeBank</a>
These movements from the bankrupt broker's wallet have not been limited to <a href="https://u.today/shib-going-somewhere-outside-usa-shytoshi-kusama">SHIB</a> alone. Reports suggest that other cryptocurrencies have also been subject to transfers, all stemming from the ongoing resumption of withdrawals. In a bid to meet their obligations, the broker has allowed lenders to withdraw around 35% of their cryptocurrencies, a window open between June 20 and July 5. One of the platforms facilitating these withdrawals is the Gemini crypto exchange.
<a href="https://u.today/shib-going-somewhere-outside-usa-shytoshi-kusama">card</a>
The future of Voyager's holdings and the implications for the wider crypto landscape remain uncertain, making this an unfolding story that demands our attention.

Bankrupt Shiba Inu Trillionnaire Moves Billions of SHIB: Where To?

U_Today

Other articles published on Jun 29, 2023

The Crisis of Traditional Finance: The Silent Rise of Minimalism

Singapore Explores Tokenized Asset Framework with 11 Financial Institutions including Citi, JP Mo...

Bitcoin Cash Bulls Dominate Crypto Market, But Is a Correction Looming?

Coinbase Adds Helium ($HNT) to Listing Roadmap

Summer Showdown: How Avorak AI Outperforms Polygon and Cardano for Stellar Returns

ETF management firm Hang Seng reveals plans to deploy crypto in its products

Join our free newsletter for daily crypto updates!