Bankrupt Crypto Broker Shocks Market, Shifts 2,500 ETH and 250 Billion Shiba Inu (SHIB)

Bankrupt crypto broker Voyager transferred $7.6 million worth of crypto assets in the past 24 hours, blockchain security firm. Packshield reports.

Recent fund transfers include 2,500 ETH and 250 billion SHIB that have been transferred to Coinbase, says PeckShield.

#PeckShieldAlert Voyager-tagged address transferred about 7.6 million cryptocurrencies, including 2,500 $ETH & 250B $SHIB on Coinbase in the last 16 hourshttps://t.co/uPHs0c4woj pic.twitter.com/bdGa2QO6Ut

— PeckShieldAlert (@PeckShieldAlert) February 20, 2023

The move coincides with the latest market recovery, which saw both the price and volume of the Shiba Inu increase. In accordance with CoinMarketCap data, SHIB trading volume has grown by 155% in the last 24 hours, with $555,748,171 worth of coins exchanged.

As reported, Voyager made similar transfers last week, sending 250 billion SHIB to Coinbase and 15,000 ETH to Binance US and Coinbase.

SHIB Price Action

At press time, SHIB is up 5.15% over the past 24 hours to $0.00001369 after hitting an intraday high of $0.00001399.

After bouncing off lows of $0.00001256 on Feb. 16, the Shiba Inu (SHIB) rose steadily, peaking at $0.000014 on Feb. 19. highs $0.00001377 at press time.

The RSI has stabilized slightly above the neutral 50 mark, indicating the possibility of range trading ahead of a major move.