Voyager Token Jumps 20% as $7.3M VGX Sent to Burn Address

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Voyager Token Jumps 20% as $7.3M VGX Sent to Burn Address
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Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

of bankrupt crypto brokerage firm Voyager Digital surged by 20% on Friday after on-chain data revealed that a Voyager wallet sent 52 million tokens to a burn address.

Etherscan data shows that a wallet labeled as"Voyager 1" made its first outbound transfer for 225 days, sending a test transaction of 123.45 tokens before sending the larger batch worth $7.3 million.It is currently unclear why the tokens, which equate to around 30% of the total supply, was sent to a burn address. Voyager

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