Shiba Inu tokens worth a remarkable 750 billion have been spotted moving in the previous 24 hours, which is an extraordinary turn of events. The trail eventually leads to the defunct American cryptocurrency broker Voyager, which seems to be in charge of coordinating a convoluted web of transactions.
A summary of activity indicates a staggering progression: initially, 250 billion SHIB tokens were moved quickly, then 200 billion more tokens were transferred within just 12 hours. More than two hours ago, 300 billion Shiba Inu tokens were sent out to complete this dizzying show of activity. The total estimated value of these transfers is $7.73 million.
Due to this rush of sales, there are now just 300 billion Shiba Inu tokens, or $3.13 million, left on Voyager’s balance sheet. The wallet’s entire depletion since the year’s beginning is staggeringly close to $73 million, indicating the substantial changes in Voyager’s assets.
Destination known
The fact that the huge token movements’ ultimate destination is none other than the famous crypto exchange Coinbase makes this situation very fascinating. This event has two ramifications: Coinbase works as a middleman between Voyager and the final beneficiaries of the Shiba Inu tokens, and it might also function as a possible market place for the tokens’ sale in the future.
The Voyager account still has an amazing aggregate token worth of $88 million, which includes the remaining 300 billion SHIB, even though the dust has not yet settled. It’s vital to remember that a sizeable percentage, amounting to $69.68 million, consists of USDC stablecoin.
