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Bankrupt Crypto Broker Shocks Market, Shifts 2,500 ETH and 250 Billion Shiba Inu (SHIB)

Mon, 02/20/2023 - 15:03
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Tomiwabold Olajide
Move coincides with most recent market recovery
Bankrupt Crypto Broker Shocks Market, Shifts 2,500 ETH and 250 Billion Shiba Inu (SHIB)
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Bankrupt crypto broker Voyager has transferred $7.6 million in crypto assets within the last 24 hours, blockchain security firm PeckShield reports.

The recent fund shifts include 2,500 ETH and 250 billion SHIB, which were both transferred to Coinbase, PeckShield states.

The move coincides with the most recent market recovery, which has increased both the price and trading volume of Shiba Inu. According to CoinMarketCap data, SHIB trading volume is up 155% in the last 24 hours, with $555,748,171 worth of coins swapped.

250 Billion Shiba Inu (SHIB) Transferred by Bankrupt Crypto Lender, Here's Surprising Destination

As reported, Voyager made similar transfers in the past week, wherein it sent 250 billion SHIB to Coinbase and 15,000 ETH to Binance US and Coinbase.

SHIB price action

At the time of publication, SHIB was up 5.15% in the last 24 hours at $0.00001369 after reaching intraday highs of $0.00001399.

After rebounding from lows of $0.00001256 on Feb. 16, Shiba Inu (SHIB) steadily ticked higher, reaching highs of $0.000014 on Feb. 19. The dog-themed cryptocurrency is set to mark its fourth consecutive day in the green as its price tapped intraday highs of $0.00001377 at press time.

Shiba Inu (SHIB) Trading Volume Responds With 50% Jump as Price Considers Next Move

The RSI has flattened slightly above the neutral mark of 50, suggesting the possibility of range trading before a major move.

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About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.