270 Billion Shiba Inu Sold by Bankrupt Crypto Broker: According to PeckShieldAlert, bankrupt crypto lender Voyager transferred over $27.7 million worth of crypto assets to the Coinbase crypto exchange.
270 Billion Shiba Inu Sold by Bankrupt Crypto Broker
270 Billion Shiba Inu Sold by Bankrupt Crypto Broker: PeckShield notes that among the crypto assets moved by Voyager-labeled addresses are 270 billion SHIB, worth over $3 million.
Others are 17,000 ETH worth nearly $19 million and 12 million VGX worth over $5 million, which were moved to Coinbase. Investors often move their assets to exchanges when they are looking to sell them. This seems to be the case for Voyager, as on-chain analytics firm Lookonchain infers that the bankrupt crypto lender might have been selling some of its assets through Coinbase since last month.
It seems that the bankrupt crypto lender timed its sale of Shiba Inu tokens, this time occurring at a local top. A short-term barrier might be gradually building in the range of $0.00001169 to $0.00001189 following SHIB’s rejection a second time in the past week around this range. After four straight days of gains following its rebound from lows of $0.0000104 on March 10, Shiba Inu faced a barrier at the March 14 high of $0.0000118, leading to a slight retreat.
270 Billion Shiba Inu Sold by Bankrupt Crypto Broker: In separate news, Shiba Inu’s partner and English fashion designer John Richmond has offered the chance to dress metaverse avatars in digital wearables designed by himself. Shiba Inu stole the show at the SXSW 2023 event, which saw the premiere of the SHIB metaverse.
BONE Fee to Send Shiba Inu (SHIB) Gets Thousands of Percent Down Thanks to Shibarium
270 Billion Shiba Inu Sold by Bankrupt Crypto Broker: The recently launched layer-2 blockchain Shibarium allows users to make transfers of Shiba Inu, using BONE tokens as gas for charging transaction fees. Initially, Shytoshi Kusama and his SHIB developer team stated that transaction fees on Shibarium, unlike those on Ethereum, will be much lower and faster, without any congestion.
Bitcoin (BTC) Suddenly Rose Past $26K
270 Billion Shiba Inu Sold by Bankrupt Crypto Broker: According to Coinglass, $158 million of short positions or bets were liquidated in the last 24 hours as Bitcoin’s rally came as a surprise to many, who had anticipated falling prices following the closure of two important crypto-friendly banks last week and the USDC stablecoin deeper over the weekend.
Other factors On Bitcoin
270 Billion Shiba Inu Sold by Bankrupt Crypto Broker: Bitcoin had fallen to lows of $19,568 on March 10 following the sudden SVB collapse. Its price started a nice rebound from the lows while on track to mark its fourth consecutive day of gains from March 11.
Contributing to this is the Federal Deposit Insurance Corporation’s recent announcement that Silicon Valley Bank depositors will have complete access to their money after confirming a successful transfer of deposits to a new bridge bank.
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