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Based

Shiba Inu

Chainlink

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 The motive behind these transactions has triggered more speculation within the larger crypto community. 
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 Bankrupt cryptocurrency lender Voyager Digital <a rel="noopener noreferrer nofollow" title="transfer" href="https://thebittimes.com/tag/transfer.html">transfer</a>red 1,500 Ethereum (ETH) valued at around $2.77 million and an additional 250 billion Shiba Inu (SHIB) equivalent to $2.7 million to the Coinbase Exchange. 
 Based on blockchain data, Voyager initiated the <a rel="noopener noreferrer nofollow" title="transfer" href="https://thebittimes.com/tag/transfer.html">transfer</a> of SHIB and ETH tokens to Coinbase's ledger on August 11. The motive behind these transactions has triggered more speculation within the larger crypto community. One theory suggests a probable sell-off, given that these recent <a rel="noopener noreferrer nofollow" title="transfer" href="https://thebittimes.com/tag/transfer.html">transfer</a>s have diminished the distressed crypto lender's wallet holdings to a mere $81.63 million worth of digital assets. 
 Significantly, these transactions occurred at a one-hour interval, as indicated by Etherscan records. The abrupt movement of these tokens has triggered discussions regarding a possible liquidation. However, certain sources assert that Voyager Digital is presently in the process of consolidating all tokens from various addresses into a primary address. 
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 <img src="https://cdn.thebittimes.com/images/2023/08/13/d2fe7d1b2bdc708c93b735bcbba6fc29.webp"> 
 <figcaption style="text-align: center;"> Screenshot of the transfers from Voyager to Coinbase.&nbsp; Source: Etherscan 
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 The speculation of a sell-off gains additional support from Voyager Digital's ongoing trend of divesting its SHIB holdings since the start of this year. In February, the company executed <a rel="noopener noreferrer nofollow" title="transfer" href="https://thebittimes.com/tag/transfer.html">transfer</a>s of nearly $10 million worth of digital assets to multiple cryptocurrency exchanges within a single day. 
 The tokens moved include 270 billion SHIB, valued at $3.2 million, 4.9 million Voyager Tokens (VGX) with an estimated worth of $2.1 million, 3,050 ETH equating to $3 million and 221,000 Chainlink (LINK) amounting to approximately $1.5 million. It's important to highlight that these valuations corresponded to the tokens' market values during the time of the transfer. 
 Related: Voyager customers targeted by scammers during 30-day withdrawal period: Report 
 Following Binance U.S.'s court-sanctioned acquisition of the lender's assets, blockchain <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> platform Lookonchain disclosed that Voyager liquidated digital holdings exceeding $56 million across three cryptocurrency exchanges. Approximately three months later, the insolvent exchange engaged in various transactions involving the <a rel="noopener noreferrer nofollow" title="transfer" href="https://thebittimes.com/tag/transfer.html">transfer</a> of around 350 billion Shiba Inu tokens. 
 The substantial SHIB transfer to Coinbase appears to have a relatively modest effect on community sentiment regarding potential sell-offs and their consequences. 
 Magazine: Deposit risk: What do crypto exchanges really do with your money? 
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Voyager's token transfer to Coinbase grows selloff suspicions

TheBitTimes

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