Bankrupt crypto lender Voyager digital has transferred a large amount of digital currency, including billions of Shiba Inu ($SHIB) tokens, to Nasdaq-listed exchange Coinbase.
The crypto lender received the $SHIB from a dormant whale and has been sending assets to Coinbase regularly since February 14.
Voyager’s latest movements suggest it is cashing out the funds, which could lead to heavy selling pressure on the digital currencies involved.
Voyager currently holds $631 million worth of crypto assets, with $SHIB being its third largest holding.
However, it is not yet clear whether there will be a sell-off as Voyager filed for bankruptcy in July 2022 and recently saw most of its customers favor a restructuring plan that will see BinanceUS acquire some of its assets.
