Crypto News & Watchlists

5,170,000,000,000 Shiba Inu (SHIB) Worth $57,283,600 Now In Control of Embattled Crypto Lender

The bankrupt crypto lender Voyager is not done selling its huge holdings of Shiba Inu (SHIB), according to new on-chain data.

The analytics firm Lookonchain has released an update on how much crypto the embattled lender is currently in control of.

According to the firm, Voyager now has 5,170,000,000,000 SHIB Worth $57,283,600.

That amount is significantly less than one week ago, when Voyager held 6,500,000,000,000 Shiba Inu Worth $81 million.

Voyager has also continued to sell Ethereum (ETH) in huge numbers as well – from 172,223 ETH worth $276 million one week ago down to $148,774 worth $233 million at time of publishing.

“Voyager sold 1,449 ETH via Wintermute and received 2.25 million USDC two hours ago, the selling price is $1,553.

Voyager is still selling assets and currently holds:

  • 148,774 ETH ($233 million)
  • 5.17 trillion SHIB ($57 million)
  • 1.44 million LINK ($10 million)
  • 1.17 billion STMX ($7 million)
  • 411,052 AVAX ($6 million)”

Lookonchain has also published a recent snapshot of Voyager’s massive crypto wallet.

Source: Lookonchain/Twitter

In December, Binance.US announced it will acquire more than $1 billion worth of assets from Voyager after FTX’s plans to acquire them vaporized.

The U.S. Securities and Exchange Commission objected to the deal, which triggered a quick response from the judge in charge of Voyager’s bankruptcy proceedings.

Judge Michael Wiles said he needs specifics on why the SEC objects and why it has decided to “stop everybody in their tracks” with little to no explanation of its concerns.

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The post 5,170,000,000,000 Shiba Inu (SHIB) Worth $57,283,600 Now In Control of Embattled Crypto Lender appeared first on The Daily Hodl.

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