Shiba Inu Rallies for Fifth Consecutive Day
Cryptocurrency assets, including billions of SHIB tokens, were recently transferred by the bankrupt crypto lending platform Voyager Digital, sparking market speculation.
According to Wu Blockchain, Voyager moved 250 billion SHIB (worth $2.7 million) and **1,500 ETH** (worth $2.77 million) to Coinbase, a major cryptocurrency exchange. Analysts speculate that Voyager is consolidating its remaining tokens into a primary address, which currently holds approximately $81.63 million in crypto assets.
"Bankrupt crypto firm Voyager transferred 1,500 ETH ($2.77M) and 250B SHIB ($2.7M) to Coinbase. Voyager is also moving all remaining tokens to its main address. The Voyager address now holds ~$81.63M in crypto."
— Wu Blockchain (@WuBlockchain)
The transfer to Coinbase may indicate an impending sell-off, as Voyager has been liquidating its SHIB holdings and other assets since early 2023.
Voyager’s SHIB Holdings Breakdown
- Total SHIB Held: 2 trillion SHIB (2,060,881,606,627 tokens)
- Percentage of Voyager’s Portfolio: 8.9% (4th largest asset)
Voyager filed for bankruptcy in July 2022 following the collapse of Terra (LUNA). The platform’s ongoing asset liquidation aims to compensate affected users.
SHIB Price Performance: Key Metrics
- Current Price: $0.00001086 (up 8.29% in 24 hours)
- 7-Day Growth: 15.35%
- 24-Hour Trading Volume: $623.6M (57.3 trillion SHIB traded)
SHIB’s rally began on August 7 from a low of $0.0000087**, with bulls successfully pushing the price above the psychological barrier of **$0.00001.
👉 Tracking SHIB’s real-time price movements? Click here for live updates
Analyst Warning: Profit-Taking Ahead
Crypto analyst Ali flagged a potential short-term correction for SHIB, citing a TD Sequential sell signal on the 4-hour chart:
"Shiba Inu beware: The TD Sequential suggests a 1–4 candle pullback after the recent rally."
FAQ: SHIB and Voyager Transfers
Q1: Why did Voyager transfer SHIB to Coinbase?
A1: Likely for liquidation to repay creditors, as part of Voyager’s bankruptcy proceedings.
Q2: How might this affect SHIB’s price?
A2: Large sell-offs could create downward pressure, but SHIB’s strong momentum may buffer the impact.
Q3: What’s the long-term outlook for SHIB?
A3: Network growth and developer activity (e.g., Shibarium upgrades) remain bullish catalysts.
👉 Explore SHIB’s utility in decentralized ecosystems
Disclaimer: This content reflects the author’s views only and does not constitute financial advice. Always conduct independent research.