In keeping with Lookonchain, bankrupt crypto dealer Voyager continues promoting its belongings and has reportedly offered a major chunk of its SHIB holdings.
Regardless of this, it nonetheless holds onto a major quantity — 5.17 trillion SHIB, to be actual. This represents an estimated worth of $57.78 million.
Voyager offered 1,449 $ETH through Wintermute and obtained 2.25M $USDC 2 hrs in the past, the promoting worth is $1,553.Voyager remains to be promoting belongings and at present holds:- 148,774 $ETH($233.5M)
– 5.17T $SHIB($57.78M)
– 1.44M $LINK($10M)
– 1.17B $STMX($7.3M)
– 411,052 $AVAX($6.7M)
… pic.twitter.com/VnaJJUh5nv
— Lookonchain (@lookonchain) March 5, 2023
The scenario has raised questions on what this implies for the worth of SHIB. Some speculate that the lender could also be ready for a extra favorable market earlier than promoting their remaining SHIB holdings, whereas others consider there could also be different elements at play.
In two situations, 300 billion SHIB was moved by the bankrupt crypto dealer to the Coinbase crypto trade prior to now week.
Lookonchain additionally reported 2.24 trillion SHIB value $28 million transferred from Voyager to Coinbase from mid-February to the beginning of March.
Shibarium and SHIB burning
As expectations for the launch of the Shibarium beta stay, Shiba Inu (SHIB) lead developer Shytoshi Kusama teases the group with a cryptic tweet: “Confirming with the Ghosts a second time.”
Becoming a member of tasks which have indicated help for the Layer 2 resolution, BunnyVerse Token Official has introduced that it absolutely helps Shibarium and Shytoshi Kusama’s imaginative and prescient for a decentralized future.
As regards SHIB burning, within the final seven days, a complete of 176,920,466 SHIB tokens have been burned, whereas 11,212,649 SHIB had been burned within the final 24 hours.
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