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2.24 Trillion Shiba Inu (SHIB) Liquidated by Bankrupt Crypto Broker in Weeks

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Sun, 26/02/2023 - 10:37
2.24 Trillion Shiba Inu (SHIB) Liquidated by Bankrupt Crypto Broker in Weeks
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According to on-chain data provider Lookonchain, bankrupt crypto broker Voyager seems to have been selling its assets through Coinbase recently.

Voyager recently received $100 million USDC from Coinbase and has been sending assets to the cryptocurrency exchange since Feb. 14.

According to Lookonchain, 2.24 trillion SHIB, worth $28 million, was transferred from Voyager to Coinbase on Feb. 14.

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U.Today previously reported two instances of 250 billion SHIB being moved to Coinbase. The bankrupt crypto broker now holds 6.5 trillion Shiba Inu (SHIB) worth $81 million after the massive moves.

Shiba Inu burning and Shibarium update

According to Shibburn's Twitter account, a total of 4,719,423 SHIB tokens were burned and seven transactions were made in the last 24 hours.

In the last seven days, however, a total of 37,373,963 SHIB tokens were burned and 30 transactions were made.

Shiba Inu lead developer Shytoshi Kusama has updated his Twitter bio from a single full stop to three dots, sparking further speculations regarding the Layer 2 Shibarium beta launch. Three dots in a sentence often imply an omission of words, a pause, or that there is something left unsaid.

It is yet unclear what message the SHIB lead developer intends to pass across. 

According to BoneShibaSwap, a Twitter account focused on BONE, the Layer 2 Shibarium would bring Shiba Inu into the spotlight. "My expectation is that after Shibarium is published, the world's leading news agencies will talk about Shibarium and bone," it stated.

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