Crypto News– On August 11, transfer of Voyager token, a cryptocurrency lender that had previously filed for bankruptcy, executed substantial token transfers that have raised eyebrows within the cryptocurrency community. Specifically, Voyager initiated the movement of 1,500 Ether (ETH), which had an approximate value of $2.77 million, along with an additional 250 billion Shiba Inu (SHIB) tokens, valued at roughly $2.7 million, to the popular cryptocurrency exchange Coinbase. This transaction activity was tracked and documented by Etherscan.
The transfer of Voyager token to Coinbase raises suspicions of a sell-off
The motives behind these token transfers have sparked intense speculation and curiosity among cryptocurrency enthusiasts and analysts. One prevailing theory that has emerged suggests the possibility of a significant sell-off. This hypothesis gains weight due to the fact that these transfers substantially reduced the overall holdings in Voyager’s cryptocurrency wallet, leaving them with a relatively modest $81.63 million in digital assets.
The timing of these transfers is also notable, as they occurred at precisely one-hour intervals, as confirmed by data available on Etherscan. The rapid and repetitive nature of these token movements has led to discussions and debates regarding the potential motivations behind them, including the likelihood of a large-scale liquidation event. However, it’s important to note that alternative viewpoints have emerged, suggesting that Voyager may simply be in the process of consolidating tokens from various addresses into a single primary wallet.
The notion of a sell-off is further supported by Voyager’s ongoing divestment of its SHIB holdings, a process that commenced at the beginning of 2023. In a significant move in February, the company conducted transfers amounting to nearly $10 million worth of digital assets to multiple cryptocurrency exchanges within a single day.
The tokens involved in these transfers encompassed a substantial portion of Voyager’s cryptocurrency portfolio, including 270 billion SHIB tokens valued at $3.2 million, 4.9 million Voyager Tokens (VGX) with a total value of $2.1 million, 3,050 Ether (ETH) amounting to $3 million, and 221,000 Chainlink (LINK) tokens worth $1.5 million.
It’s important to mention that following Binance.US’s court-sanctioned acquisition of Voyager’s assets, a blockchain analysis platform known as Lookonchain disclosed that Voyager had engaged in the liquidation of digital holdings exceeding $56 million across three different cryptocurrency exchanges. Approximately three months later, Voyager, despite its insolvency status, continued to be involved in a series of transactions, including the transfer of approximately 350 billion SHIB tokens. These ongoing actions have continued to fuel speculation and discussions within the cryptocurrency community about the ultimate fate and intentions of Voyager Digital.
Voyager Token Price Prediction 2023 – 2030
The Voyager Token (VGX) currently holds the #460 rank in the cryptocurrency market. Its historical performance has seen notable fluctuations, with an all-time high (ATH) of $12.54 reached on January 5, 2018. However, the current price stands at a mere $0.1098, reflecting a significant decline of 99.13% from its ATH. This substantial drop has led some to question whether VGX has lost its appeal and whether it has the potential to recover in the future. In this analysis, we’ll explore these questions and provide insights into Voyager Token’s price predictions and other pertinent inquiries.
VGX Price Prediction 2023: According to our VGX coin price prediction for 2023, the token is expected to reach a price of $0.24 by the end of this year. This forecast suggests a potential uptrend in the value of VGX over the course of 2023.
VGX Price Prediction 2025: Looking further into the future, our Voyager Token price prediction for 2025 anticipates that VGX may have price fluctuations between a minimum of around $0.23 and a maximum of approximately $0.33. This prediction implies potential growth and volatility in the VGX market.
VGX Price Prediction 2030: In the long term, as per our VGX price prediction for 2030, the coin is projected to reach a maximum price of $1.03, with a minimum price estimate of around $0.72. This extended forecast suggests the possibility of VGX gradually gaining value over the next decade.
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