Voyager Sends Over a 14% Supply of VGX to Coinbase

It is reported that according to 0xScope monitoring data, Voyager has transferred 38.369 million VGX to Coinbase since February 15, accounting for about 14% of…

Voyager Sends Over a 14% Supply of VGX to Coinbase

It is reported that according to 0xScope monitoring data, Voyager has transferred 38.369 million VGX to Coinbase since February 15, accounting for about 14% of the total VGX supply. In addition, Voyager has transferred $200 million worth of Token to Coinbase, including 51000 Ethereum. At present, Voyager still holds assets worth 729 million dollars, including Ethereum worth 263 million dollars, SHIB worth 72.7 million dollars, VGX worth 59.1 million dollars and LINK worth 10.7 million dollars.

Data: Voyager has transferred 38.369 million VGX to Coinbase since February 15

Interpretation of the news:


Voyager, a crypto brokerage firm, has transferred over 38 million VGX tokens to Coinbase since February 15, accounting for approximately 14% of the total VGX supply, as reported by 0xScope monitoring data. This transfer suggests that the digital assets brokerage firm is constantly monitoring and maximizing its assets to ensure profitability.

Furthermore, Voyager has also transferred $200 million worth of Token to Coinbase, a significant move that highlights the brokerage firm’s commitment to the cryptocurrency industry. Among the tokens transferred were 51,000 Ethereum, a notable sum given Ethereum’s rise in value in recent years.

Despite these transfers, it is clear that Voyager still manages to hold significant assets amounting to US$729 million. Among the holdings are Ethereum valued at $263 million, SHIB valued at $72.7 million, VGX valued at $59.1 million, and LINK valued at $10.7 million. This suggests that the brokerage firm is still in a strong financial position despite the transfers made to Coinbase.

The transfer of 14% of VGX supply may signal that Voyager has found a new strategy to manage its holdings. This may also signal their confidence in Coinbase, a trusted player in the cryptocurrency scene. The transfer of Ethereum, on the other hand, suggests that they are still bullish on the cryptocurrency’s future value.

Voyager’s ability to hold onto such significant assets reflects not only the brokerage firm’s belief in the cryptocurrency market but also highlights the continued growth of the industry. As traditional institutions gradually accept cryptocurrency, more firms like Voyager are coming to the center stage.

In conclusion, Voyager’s transfer of 14% of the total VGX supply to Coinbase is a significant move that highlights the dynamic nature of the cryptocurrency industry and the importance of a diversified asset portfolio. With the industry’s continued growth, firms like Voyager will play a critical role in the development of the crypto market.

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