Voyager Transfers Millions of Cryptocurrency in and out of Coinbase

03/02/2023 02:33 • Tech Trends • 86 views

It is reported that according to the Twitter user’s Bit ember monitoring, Voyager today transferred $12.78 million of cryptocurrency into Coinbase, including 4000 ETHs (about $6.42 million), 368 billion SHIBs (about $4.41 million) and 5 million VGX (about $1.95 million). Voyager also withdrew 50 million USDCs from Coinbase today.

Voyager today transferred US $12.78 million of cryptocurrency into Coinbase and proposed 50 million USDCs

Analysis based on this information:

The world of cryptocurrency continues to be fast-paced and ever-changing. Recently, news broke that Voyager, a popular trading platform, transferred millions of cryptocurrency into and out of Coinbase. The move was monitored and reported by Twitter user Bit ember, who showed that Voyager transferred a staggering $12.78 million worth of cryptocurrency into Coinbase.

Specifically, Voyager’s transfer included 4000 ETHs, equivalent to about $6.42 million, 368 billion SHIBs, equivalent to about $4.41 million, and 5 million VGX, equivalent to about $1.95 million. These numbers reveal that Voyager has been actively dealing with some of the hottest and most-talked-about cryptocurrencies in the market today.

However, the transfer was not one-sided. Along with the transfer of cryptocurrency to Coinbase, Voyager was also seen withdrawing 50 million USDCs from Coinbase. This move comes as no surprise as USDC remains one of the more stable and widely accepted cryptocurrencies in the market, making it a popular choice for traders who want to hold their assets in a more stable currency.

So, what does this transfer and withdrawal of cryptocurrency reveal about Voyager’s trading strategy? One interpretation is that Voyager is focusing its resources on popular cryptocurrencies with a potential for high returns. The fact that Voyager is dealing with 4000 ETHs and 368 billion SHIBs shows that they are monitoring the market closely and are looking for opportunities to make a profit. Additionally, the withdrawal of 50 million USDCs may indicate that Voyager is taking a cautious approach, perhaps choosing to hold their assets in a more stable currency during a time of economic uncertainty.

In conclusion, Voyager’s transfer of millions of cryptocurrency into and out of Coinbase highlights the fast-paced and ever-changing nature of the cryptocurrency market. It also reveals Voyager’s trading strategy which appears to be focused on popular cryptocurrencies that have potential for high returns while also taking a cautious approach to holding assets in more stable currencies such as USDC.

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Voyager Transfers Millions of Cryptocurrency in and out of Coinbase

Voyager today transferred US $12.78 million of cryptocurrency into Coinbase and proposed 50 million USDCs

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