Bankrupt cryptocurrency lender Voyager Digital transferred 1,500 Ether (ETH<\/a>), worth around $2.77 million and an additional 250 billion Shiba Inu (SHIB<\/a>), worth roughly $2.7 million, to crypto exchange Coinbase on Aug.11, according<\/a> to Etherscan.<\/p>\n 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\u2019s wallet holdings to $81.63 million of digital assets.<\/p>\n The transactions occurred at one-hour intervals, according to Etherscan. The abrupt movement of the tokens has triggered discussions regarding a possible liquidation. However, some sources say that Voyager is consolidating all tokens from various addresses into a primary address.<\/p>\n The speculation of a sell-off is further supported by Voyager\u2019s ongoing divestment of its SHIB holdings since the start of 2023. In February, the company executed transfers of nearly $10 million worth of digital assets<\/a> to multiple cryptocurrency exchanges in a single day.<\/p>\n The tokens moved include 270 billion SHIB, worth $3.2 million; 4.9 million Voyager Token (VGX), worth $2.1 million; 3,050 ETH, worth $3 million; and 221,000 Chainlink (LINK<\/a>), worth $1.5 million.<\/p>\n Related: <\/em><\/strong>Voyager customers targeted by scammers during 30-day withdrawal period: Report<\/em><\/strong><\/a><\/p>\n Following Binance.US\u2019s\u00a0court-sanctioned acquisition of the lender\u2019s assets<\/a>, blockchain analysis platform Lookonchain disclosed<\/a> that Voyager liquidated digital holdings exceeding $56 million across three cryptocurrency exchanges. Approximately three months later, the insolvent exchange engaged in various transactions involving the transfer of around 350 billion SHIB tokens.<\/p>\n Magazine: <\/em><\/strong>Deposit risk: What do crypto exchanges really do with your money?<\/em><\/strong><\/a><\/p>\n<\/div>\n![\"\"](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-08\/74e74fc7-8731-4f5d-8ba9-47c7aa9f908e.JPG\" "\\"\\"")