Voyager Digital, the now-defunct #cryptocurrency loan business, has been selling its crypto assets on Coinbase lately, according to a recent disclosure from Lookonchain, the on-chain analysis tool. The former lender made around $63 million through the sales of 49 different crypto assets over the course of four days. The 1.4 trillion #Shibainu tokens, which were sold for around $14.4 million, were the SHIB army's most notable transaction.

In addition to SHIB, Voyager sold a sizeable amount of Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK), Polygon (MATIC), and Decentraland (MANA). "Voyager has been selling assets on #Coinbase for the past 4 days, and in that time, 49 tokens have been sold for about $63M. Such is 781 BTC ($23M), 9,570 ETH ($17.6M), 1.4T SHIB ($14.4M), 234,660 LINK ($1.74M), 1.87M MATIC ($1.27M), and 3M MANA ($1.1M)," Lookonchain tweeted.

The sales have drastically decreased Voyager's holdings in cryptocurrencies. However, they haven't completely depleted their funds. More information about Voyager's remaining assets was provided by the on-chain analysis service: "Voyager presently possesses $11.3M worth of assets, including: 52.4M VGX ($8.27M); 55 BTC ($1.62M); 537K KNC ($371K); 1.18 FTM ($286K); 20.7M STMX ($140K); and 4.85M GALA ($111K)."

Even though the sales have received notice, there is good news for the SHIB community. Data from Lookonchain indicates that all of Voyager's SHIB assets have been liquidated. Hence, Voyager's SHIB holding has decreased to zero, indicating that there may be less selling pressure on the Shiba Inu token in the future.

Pricing of Shiba Inu Displays Resilience

The price of $SHIB held steady despite Voyager's significant sell-off. Almost 14.2% more have been added to the token within the last week. This optimistic trend is mostly a result of the upcoming #Shibarium mainnet launch, which will take place at the Blockchain Future Conference beginning today. Investors appear to be confident in SHIB's potential and think that if the layer-2 scaling solution lives up to its promises, the SHIB token might experience even greater gains.

Shiba Inu prices found support at the 38.2% Fibonacci retracement level ($0.00001007), where they were at the time of publication, when they were at $0.00001019. The 50% Fibonacci level, which is currently at $0.00001121, serves as the main resistance on a daily basis. If a breakout happens, SHIB might increase by 21% from its present price to reach the 61.8% Fibonacci level. At this price ($0.00001235), significant resistance is anticipated.

Since the annual low on June 10, the RSI on a daily basis has been rising and was 65 at the time of publication. This gives the SHIB bulls more space to move. The RSI needs reach extreme overbought levels in order for there to be a powerful double-digit move.

Investors should use caution when interpreting today's or tomorrow's Shibarium launch. The debut may only have a long-term influence over the upcoming months, thus it may be a case of "buy the rumour, sell the news" as is customary in the cryptocurrency market. The 200-day EMA around $0.00000938 will be a crucial support that the bulls must protect in this situation.