After the Voyager address has been dormant for 6 months, a total of 66.18 million dollars of tokens have been deposited with the exchange this month
It is reported that the Web3 knowledge map protocol 0xscope tweeted that after six months of dormancy, the suspected Voyager address began to deposit a large amount of tokens into the exchange. Since February 1, 2023, these addresses have deposited $4430 worth of ETH, $17.5 million worth of SHIB, $2.83 million worth of VGX and $1.55 million worth of LINK to Coinbase, totaling $66.18 million. Voyager still holds approximately $321 million in cryptocurrency.
Interpretation of this information:
The recent tweet from Web3 knowledge map protocol 0xscope suggests that Voyager, a cryptocurrency exchange, has started depositing large amounts of tokens into its dormancy account after six months. The address is suspected to be that of Voyager, which had not shown any activity until the recent transactions. The deposits made since February 1, 2023, have totaled to a considerable amount of $66.18 million, with the highest deposits being in SHIB and VGX tokens. However, Voyager still holds approximately $321 million in cryptocurrency, indicating that there could be more transactions in the future.
This tweet has raised questions about Voyager’s stability, as it had been dormant for six months until these recent transactions. Many speculate that these transactions could signal a change in the exchange’s operations. However, some believe that Voyager may be using this dormant account to test new features or conduct internal trades. Despite the uncertainty, the fact that Voyager still holds a considerable amount of cryptocurrency indicates that it is not in any immediate danger of financial instability.
Moreover, the fact that Coinbase was the targeted exchange for these deposits is also noteworthy. Coinbase is one of the most popular exchanges, known for its security and insurance policy on users’ funds. Therefore, it is likely that Voyager chose Coinbase as the destination for these transactions to enhance its credibility and reputation in the market.
In conclusion, the recent tweets about Voyager’s suspected transactions have raised many questions about the exchange’s stability and operations. However, the fact that the exchange has a substantial amount of cryptocurrency held in various accounts, including the dormant one, indicates that it is not in any immediate financial danger. The choice of Coinbase as the exchange for these transactions also suggests that Voyager is looking to enhance its credibility in the market.
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