Cryptocurrency lender Voyager Digital has been selling significant amounts of cryptocurrency on Coinbase.
The sold assets include over 1.4 trillion Shiba Inu ($SHIB), 781 BTC, and 9,570 ETH.
Recent data sourced from Lookonchain, an on-chain analysis service, highlights Voyager's ongoing asset sales on Coinbase.
These transactions have accumulated approximately $63 million from the sale of 49 distinct tokens.
The primary focus of these sales has been on BTC, ETH, and the meme-inspired Shiba Inu cryptocurrency.
Notably, these have been succeeded by sales of $1.74 million in $LINK, $1.27 million in $MATIC, and $1.1 million in $MANA.
In addition to these sales, Voyager also acquired 84.5 million USDC from Coinbase, with subsequent movement of these stablecoins to Circle.
This process may imply Voyager's active conversion of these stablecoins to honour its commitment to reimburse customers by approximately 35% of their crypto deposits, as the company proceeds with its winding-down operations.
Voyager retains a notable financial standing, with total assets valued at $11.3 million.