Voyager has recently been a hot topic in the world of cryptocurrency trading due to its substantial asset sales. Over the last 24 hours, the popular trading platform sold assets worth $56 million, including various digital currencies such as 27,255 ETH, 11 million VGX, 400 billion SHIB, and 160,000 LINK tokens.
These sales have been the subject of much speculation within the crypto community as traders and investors try to determine Voyager’s motivations and future plans.
Notably, Voyager received a significant influx of 33.7 million USDC from major trading companies, such as Wintermute Trading, Binance US, and Coinbase, alongside their recent asset sales.
Voyager’s crypto holdings remain robust
Despite selling off $56 million worth of assets, Voyager still holds a substantial amount of digital assets in its portfolio, according to reports. The platform’s total assets are valued at $757.8 million and include a diverse range of cryptocurrencies, such as 459.8 million USDC, 102,306 ETH, 122.4 million VGX, 4 trillion SHIB, 1.28 million LINK, 8.95 million MANA, 6.6 million FTM, 454,805 APE, 3.44 million SAND, and 3.9 million ENJ.
With such a diverse range of assets in its portfolio, Voyager is well-positioned to weather the ever-changing crypto landscape. The platform’s significant holdings in USDC suggest that it is prepared to make quick moves and take advantage of market opportunities as they arise.
Additionally, Voyager’s significant holdings in popular cryptocurrencies such as ETH, VGX, and LINK demonstrate its confidence in these assets and its commitment to providing its users access to a wide range of trading options.
Voyager’s trend of selling its digital assets
It’s worth noting that Voyager has a history of selling off its digital assets. In fact, the cryptocurrency trading platform recently liquidated some of its assets on Coinbase, which included the same tokens it had sold off in the previous 24 hours.
Shortly after Voyager’s users voted in favor of the reorganization of the exchange platform, the cryptocurrency lender decided to liquidate its assets. The vote had called for sections of Voyager’s assets to be acquired by Binance US, and an overwhelming 97% of Voyager’s customers voted in support of the proposal, accounting for 98% of all claims.
VGX price analysis
Over the past 24 hours, the Voyager token (VGX) has been experiencing a bearish trend, resulting in a 27.97% decrease in price. Currently, the token is trading at $0.4194, with a support level of $0.4099 and a resistance level of $0.6043.
