Voyager’s token transfer to Coinbase sparks sell-off suspicions By Cointelegraph

Bankrupt cryptocurrency lender Voyager Digital transferred 1,500 Ether (ETH), worth around $2.77 million and an additional 250 billion (SHIB), worth roughly $2.7 million, to crypto exchange Coinbase (NASDAQ:) on Aug.11, according to Etherscan.

The motive behind the transactions has triggered speculation within the broader crypto community. One theory suggests a probable sell-off, given that the transfers have diminished the distressed crypto lender’s wallet holdings to $81.63 million of digital assets.