.ArkhamIntel blockchain data shows crypto broker investvoyager transferred some $121M of crypto assets to exchanges, mostly to Coinbase, this month and received some $150M in USDC stablecoins, likely proceeds from selling. sndr_krisztian reports
Voyager’s VGX token as unregistered securities offering.
The crypto broker’s recent maneuver may also foreshadow selling pressure for the cryptocurrencies that are among the firm’s largest holdings, notably for ETH and SHIB. Arkham data shows that Voyager’s largest non-stablecoin crypto holdings are 166,223 of ETH worth $271 million, 6.2 trillion of SHIB tokens worth $77 million, and 148.4 million of its own
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