Voyager Liquidates $56 mn In Ethereum, SHIB
On March 9, the exchange reportedly liquidated $56 million in Ethereum (ETH), Voyager Token (VGT), Shiba Inu (SHIB), and Chainlink (LINK).
According to on-chain analytics firm Arkham Intelligence, Voyager has sold crypto assets worth $358.5 million in the last six weeks, selling their ERC-20 assets on Binance.US, Coinbase, and direct over-the-counter trades with market maker Wintermute.
Voyager’s USDC balance has risen to $460 million since January. USDC is a stablecoin backed by the US dollar.
The firm’s crypto liquidations accelerated significantly in March, with over $138 million moved since the beginning of the month, compared to a combined $221 million in January and February.
The wallets of the defunct exchange still contain approximately $271.5 million in crypto assets ready for liquidation.
(With inputs from Shikha Singh)
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