Blog

Crypto Rug Pull News: Crypto brokerage agency, Voyager Digital which filed for Chapter 11 chapter again in 2022, is making ready to reopen partial withdrawal for its customers. On-chain knowledge tracker experiences that the troubled crypto agency transferred tokens out from its hot wallet.

Rug Pull Alert: List Of Altcoins Celsius Network Will Sell On July 1st

Voyager Withdrawal Will Lead To A Crypto Rug Pull?

On-Chain knowledge of the wallet address 0x500a746c9a44f68fe6aa86a92e7b3af4f322ae66 related to Voyager depicts huge altcoin transfers. It must be famous that the collectors can withdraw about 35% of their crypto holdings with Voyager between June 20 and July 5, 2023.

The bother crypto agency moved round 350 billion Shiba Inu cash (approx value $2.6 million) in a number of transactions. However, the largest transaction recorded seems to be of transferring 70 Billion SHIB (approx value $537k) from the new pockets. SHIB is buying and selling at a median value of $0.0000073, on the press time.

The second biggest meme crypto price is up by round 7% previously 7 days. However, it’s anticipated the upcoming Voyager Users’ withdrawal can improve the promoting stress for Shiba Inu Coin.

Also Read: Crypto Shorters Bleed As Bitcoin Price Nears $29K

Selling Pressure To Surge Ahead?

Voyager linked pockets then moved 279.79k Polygon (MATIC) tokens (approx value $180k) in a single transaction. However, the crypto agency moved a minor quantity of MATIC tokens earlier than this mega transaction.

MATIC’s 7% value surge within the final 24 hours has managed to offer it aid from the latest downward pattern. Meanwhile, a value drop is anticipated forward as Voyager customers search to recuperate their funds.

As per the June 14, 2023 courtroom filings, Paul Hage, Voyager’s chapter plan administrator said that round June 15 Voyager app will present the quantity out there for person withdrawals. However, after 30 days, shoppers will likely be allowed to withdraw crypto property through the app or can ask for a money payout.

AD

Ashish believes in Decentralisation and has a eager curiosity in evolving Blockchain expertise, Cryptocurrency ecosystem, and NFTs. He goals to create consciousness across the rising Crypto business via his writings and evaluation. When he’s not writing, he’s enjoying video video games, watching some thriller film, or is out for some outside sports activities. Reach me at ashish@coingape.com

The introduced content material might embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability in your private monetary loss.