Bankrupt broker firm Voyager stirs meme-coin prices as worth $3.4 million sent to Coinbase

Following two days of gains, the Shiba Inu (SHIB) price retraced on Thursday. After the tweet from Elon Musk the meme-based coins spiked and gained handsomely. After testing the high of $0.00001399, the price corrected amid upside selling pressure near the resistance.

In the latest development, the bankrupt broker Voyager made a transfer of $28.7M worth of SHIB tokens to BinanceUS and Coinbase. According to PeckShield, a blockchain security firm 250 billion Shiba Inu tokens worth $3.4 million were sent to Coinbase.

In total, the brokerage firm transferred $28.7 million worth of digit assets to other BinanceUS and Coinbase that includes 15,000 ETH, the equivalent of about $25.3 million. The move came when the Shiba Inu jumped 5% in the last 24 hours.

Still, the Voyager still holds 1.6 trillion SHIB ($23.5 million), the second largest single position.

At the press time, SHIB/USD is exchanging hands at $0.00001360, down 1.16% for the day.

Shina Inu faces upside pressure near $0.00001398

On the daily chart, the Shiba Inu (SHIB) price has been in the short-term upside trend from the low of $0.00000779. More buying confirmation after the price breached the critical 200-day Exponential Moving Average (EMA) on February 2.

However, the acceleration in the price put the breaks near the horizontal resistance zone around $0.00001389.

A negative divergence on the daily RSI (14) shows a price correction on the cards. It reads at 57.

The Average True Range (ATR) value drops lower, suggesting selling pressure near the higher level.

If the price fails to sustain the session’s low then the price could drop to the consolidation near $0.00001241.