250 billion Shiba Inu transferred by bankrupt crypto-currency lender, here’s the surprising destination

The Twitter account of the blockchain security company PeckShield Alert reports that bankrupt crypto-currency broker Voyager recently transferred $28.7 million worth of crypto-currencies.

PeckShield Alert gives a breakdown of the crypto-currencies and where they are headed. An amount of 15,000 ETH was transferred to Binance.US and Coinbase, totaling $25.3 million.

#PeckShieldAlert Voyager has transferred $28.7M worth of cryptos to crypto-exchanges, including 15k $ETH ($25.3M) to BinanceUS & Coinbase ($ETH at $1,675) & 250B $SHIB ($3.4M) to Coinbase
Voyager received 105k $ETH ($ETH at $1,559 on the day of transfer) from FTX on 7th Sep. 2022 https://t.co/WiFFMRgQr0 pic.twitter.com/qw0uYvXNka

– PeckShieldAlert (@PeckShieldAlert) February 16, 2023

Meanwhile, 250 billion SHIB worth $3.4 million has been transferred to the Coinbase exchange. The bankrupt crypto-currency lender made a transfer of 270 billion SHIB from its massive SHIB reserve in early February.

Here’s how the price of SHIB reacted

At the time of publication, SHIB was up 5.15% over the past 24 hours at $0.00001369 after hitting intraday highs of $0.00001399.

The move of 250 billion Shiba Inu tokens to the Coinbase exchange was met with buying by traders, so the impact was barely felt.

On February 15, SHIB climbed to $0.00001388 after Shiba Inu’s lead developer reported that the beta version of Shibarium was ready and that he would be publishing a series of posts on Medium to showcase the Layer 2 solution.

Shiba Inu has risen with other dog-themed crypto-currencies after Tesla CEO Elon Musk posted a photo of his dog Floki posing as the new Twitter CEO.

Investors had also factored in the formation of a bullish signal, the “golden cross“, on the price chart of Shiba Inu. Although many consider moving averages to be backward-looking data, the formation of a “golden cross“, which occurs when the 50 moving average (MA) crosses the 200 MA, is considered positive by many analysts.