Why bankrupt crypto lender Voyager bought Ethereum whilst sitting on 5.17 Trillion Shiba Inu holdings?

Percentage:

• Bankrupt crypto lender Voyager just lately shed its Ethereum holdings, whilst preserving 5.17 Trillion Shiba Inu in its portfolio. 
• Voyager holds $57.78 million value of SHIB in its portfolio, along Ethereum, Chainlink, Avalanche and others. 
• Mavens consider Voyager is looking forward to Shiba Inu value’s restoration earlier than dropping its SHIB holdings. 

Bankrupt crypto lender Voyager bought Ethereum holdings in trade for stablecoins like USDC, whilst sitting on just about $57.78 million value of Shiba Inu holdings. Voyager’s portfolio is composed of five.17 Trillion Dogecoin-killer SHIB tokens. 

Additionally learn: What to anticipate from Shiba Inu after Shytoshi raises prize pool for per month Shiba Eternity match?

Voyager shed its Ethereum holdings whilst sitting on 5.17 trillion SHIB

Voyager, a bankrupt crypto lender shed its Ethereum holdings in a contemporary transaction, exchanging ETH for stablecoins like USDC. In line with a contemporary replace from crypto intelligence tracker Lookonchain, Voyager bought 1,449 ETH tokens by way of Wintermute. The lender bought Ethereum at a mean value of $1,553 and gained 2.25 million USDC in trade. 

Voyager sheds Ethereum holdings in trade of stablecoin

The crypto lender remains to be promoting property and these days holds 5.17 Trillion Shiba Inu tokens along Chainlink, Ethereum and Avalanche. Apparently, regardless of preserving just about $57.78 million value of meme coin, Shiba Inu tokens, Voyager selected to promote its Ethereum holdings. 

Voyager is sitting on 148,774 Ethereum tokens value $233.5 million. It is still observed whether or not the bankrupt crypto lender will shed the remainder of its Ethereum holdings or the meme coin is subsequent. 

Shiba Inu value yielded just about 14% losses for holders since February 27. This can be a most probably state of affairs that Voyager would line as much as promote its SHIB holdings as soon as the Dogecoin-killer meme coin recovers from its fresh losses.

The Shiba Inu group is looking ahead to the release of layer-2 scaling answer Shibarium. The release of the scaling answer may act as a bullish catalyst, fueling the meme coin’s restoration.