Voyager Moves 287 Billion Shiba Inu to Unknown Wallet

Lookonchain, a blockchain analytics firm, recently reported that Voyager, a bankrupt crypto lender, is sending out a large quantity of Shiba Inu (SHIB) tokens from its hot wallet. The significant transfer of tokens indicates that Voyager is taking action to move the funds.

The cause of this move is still unknown, however the market analyst speculated that it could be linked to the lender's intention to let their customers withdraw their funds again.

Voyager Moves 287 Billion Shiba Inu to Unknown Wallet

On June 20, Lookonchain enabled creditors of Voyager to start withdrawing up to 35% of their crypto assets, including Shiba Inu, and this process will last until July 5.

Voyager stopped all deposits and withdrawals when it closed its main activities in July 2022, leading to a period of more than a year when customers' crypto assets were inaccessible. Now, however, they can finally gain access to some of their digital currency.

Over 287 Billion SHIB tokens have been transferred to an unidentified wallet

Lookonchain posted a link to Etherscan, a well-known Ethereum-tracking website, that reveals Voyager's recent dealings with Shiba Inu. This explorer reveals that the last four Shiba Inu trades each had 70 billion SHIB tokens.

The tokens came from an address named 'Voyager 1' and were sent to a mysterious wallet. Before that, there was a transaction from the Voyager 1 address that included 70 million SHIB tokens. Altogether, the transactions from Voyager totaled 287 billion Shiba Inu coins.

Voyager released an enormous amount of five trillion Shiba Inu coins earlier in 2021.

Data from Etherscan indicates that a considerable number of Shiba Inu coins, up to two billion, have been relocated from big wallets and exchanges, like Binance, Coinbase, and Hotbit, to decentralized exchanges and addresses that have no labels.

HYIPer.net » Voyager Moves 287 Billion Shiba Inu to Unknown Wallet

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