Something weird is going on once again in crypto. Voyager price shot up 16% after 20% of the total supply of Voyager's token, worth $7.3 Million was sent to a burn address. The wallet allegedly belongs to Voyager though unconfirmed. Regardless, it looks l

Voyager's price is went up 16% a few hours ago before cooling off. The cause? Around 20% of the total supply at the time or 52 Million tokens was sent to a burn address. That amounted to $7.3 Million at that time. The wallet is labelled as Voyager 1 and with that many tokens it's easy to imagine that the wallet holder was Voyager themselves. Voyager of course is in the midst of a bankruptcy and already
had announced plans to liquidate all their assets to recoup and repay losses.

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(\"Null\" Address is burn wallet)

Even if the wallet didn't belong to Voyager, there's no plausible reason to suddenly burn that many tokens. That's 7.3 Million gone. Maybe they had plans to create a new token so they have started burn old ones, but that's HIGHLY implausible for a company embroiled in bankruptcy with little credibility and crypto market liquidity drying up in general. Voyager creditors were already only set to be reimbursed 36% of their lost assets so it looks pretty grim(for customers) if this is indeed from Voyager.

Whether Voyager did it or a random whale did, this looks someone made a very expensive mistake. Interestingly, it seems some outlets have reached out to Voyager for comment but there was no response. That's typically a bad sign.