250,000,000,000 Shiba Inu and 2,500 Ethereum Sent to Coinbase in Pair of Massive Transfers: PeckShield

Huge amounts of Shiba Inu (SHIB) and Ethereum (ETH) have been sent to US-based cryptocurrency exchange Coinbase, according to a major cryptocurrency analysis firm.

About $7.6 million in crypto assets, including 2500 ETH worth $4.2 million and 250 billion SHIB worth $3.4 million, were traded by bankrupt crypto lending firm Voyager, according to PeckShield’s Twitter alert account sent to the address.

The team at PeckShield has released images that trace the path of the cryptocurrency. This is movement that has occurred in the last 16 hours.

sauce: pec shield

A similar massive crypto transfer from Voyager to Coinbase took place last week, reaching $28.7 million.

Voyager suspended customer withdrawals and deposits last July.

The company cited the collapse of cryptocurrency hedge fund Three Arrows Capital as the reason for its failure, saying it was unable to repay loans worth hundreds of millions of dollars.

After filing for bankruptcy, cryptocurrency exchange Binance stepped in and negotiated to buy Voyager’s assets.

At the time of publication, Ethereum is down 3% over the past 24 hours, trading at $1,707. SHIB is trading at $0.00001360, down 0.5% on the last day.

Don’t Miss a Beat – Subscribe to get encrypted email alerts delivered straight to your inbox

Price action confirmation

Please follow us twitter, Facebook and telegram

Surf The Daily Hodl Mix

Check out the latest news headlines


Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Voger Design

Leave a Reply

Your email address will not be published. Required fields are marked *