Voyager Digital Sells Its Crypto Assets: SHIB and ETH Sales Are the Majority

According to Arkham Intelligence’s blockchain transaction data, Voyager Digital has shifted around $121 million in crypto assets to exchanges this past February. Additionally, they have acquired approximately $150 million worth of USDC stablecoins over the last four days – likely sourced from sales.

Voyager Digital Transfers $121M Tokens to Binance and Coinbase

Arkham Intelligence’s blockchain transaction data reveals that Voyager Digital has transferred an estimated amount of $54 million worth of cryptocurrencies, including ether (ETH), Shiba Inu (SHIB), and Chainlink’s LINK to Coinbase and Binance.US over the past week, presumably to sell these tokens. Since February 1st, Voyager has deposited a total sum of $121 million into exchanges, according to Arkham’s insights.

Over the course of four days, transaction records have revealed that Voyager procured around $150 million worth of Coinbase’s USDC stablecoin. This was likely a result of cryptocurrency sales made by Circle.

Voyager Digital Sells Its Crypto Assets: SHIB and ETH Sales Are the Majority

Voyager Declared Bankruptcy In July

Voyager Digital suspended all trading in July and petitioned for Chapter 11 bankruptcy protection. The court proceedings led to its agreement of a sale to Binance.US following an auction; however, this transaction has come under scrutiny by federal and state regulators, including the U.S Securities and Exchange Commission (SEC), evaluating VGX token as an offering without registration credentials.

It appears that the crypto broker’s latest action could be a sign of imminent selling pressure for ETH and SHIB, two of its biggest holdings. Arkham Intelligence data discloses Voyager holds 166,223 ETH worth $271 million, 6.2 trillion SHIB tokens valued at $77 million, 148.4 million VGX tokens (valued at approximately $63million), LINK ($13M), Fantom’s FTM($5.5M) and Bored Ape’s APE Token ($5M).

Arkham Intelligence reported that Voyager Digital crypto addresses contain a combined total of $697 million worth of cryptocurrencies, including an incredible sum of $236 million in USDC stablecoins.

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Vera Golubev

Vera holds a master's degree from New York University in Business and Economics, was a banker turned writer who discovered cryptocurrency, now a fintech blogger, crypto journalist, and growth marketer. She is passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry.

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