The bankrupt crypto company transferred a large amount of tokens, 2,500 ETH and 250 billion SHIB, to the crypto exchange Coinbase. What does this mean for altcoins?
The altcoins in the stash of the bankrupt company are being emptied!
Bankrupt cryptocurrency company Voyager has transferred $7.6 million in crypto assets in the past 24 hours, blockchain security firm PeckShield reported. PeckShield states that recent fund exchanges include 2,500 ETH and 250 billion SHIB, both transferred to Coinbase.
#PeckShieldAlert Voyager-labeled address has transferred ~7.6M worth of cryptos, including 2,500 $ETH & 250B $SHIB to Coinbase within the last 16 hourshttps://t.co/uPHs0c4woj pic.twitter.com/bdGa2QO6Ut
— PeckShieldAlert (@PeckShieldAlert) February 20, 2023
The move, meanwhile, coincides with the latest market recovery for the Shiba Inu, which boosted both its price and trading volume. According to CoinMarketCap data, SHIB trading volume has increased by 155% in the last 24 hours, with $555,748,171 worth of cryptocurrencies exchanged.
Moreover, cryptocoin.comAs you follow, Voyager made similar transfers last week, sending 250 billion SHIB to Coinbase and 15,000 ETH to Binance US and Coinbase.
Welly may be waiting for the expansion in Tokyo!
Welly, a Shiba Inu-themed burger joint, may be planning to expand into Tokyo, Japan, according to a recent tweet. According to the tweet posted by the official Welly Twitter account, the Welly core team will be in Tokyo, Japan, for seven days from February 24 to March 3.
Hey there, #WellyFriends! From February 24th to March 3rd, our core team will be in Tokyo! If you're in the area and would like to meet up with us, slide into our DMs and let's make it happen! We can't wait to connect with our amazing community in person. See you soon
— WELLY 🍔 (@wellyfriends) February 19, 2023
The team did not specify the events that will take place over the seven days, but encouraged ‘Welly friends’ in the area to schedule a get-together. Welly stated at the beginning of the year that his priorities are the stores and franchising he works on full-time. Therefore, it may be reasonable to think that the purpose of Welly’s visit to Japan may still be in line with the expansion focus. Welly celebrated the first anniversary of his partnership with Shiba Inu this February and announced that he has sent 37.5 ETH to his Shib Doggy DAO wallet as part of his contribution to SHIB.
SHIB price action
At press time, SHIB was trading at $0.0000134, up 0.6% in the last 24 hours after hitting an intraday high of $0.00001399. The Shiba Inu rose steadily after rebounding from lows of $0.00001256 on Feb. 16 and hit $0.000014 on Feb. 19. The dog-themed altcoin price will mark its fourth consecutive day in green as it hits intraday highs of $0.00001377 at press time. The RSI has flattened slightly above the neutral 50 mark, bringing to mind the possibility of range trading before a big move.
