Voyager Tokens Rise More Than 30% As Potential Buyers Line Up
2022.08.26 11:58
The VGX tokens of the bankrupt crypto lender saw a significant price spike in late-hour trading.
Following a CoinDesk report published on Thursday, Aug. 25, the price of Voyager’s token VGX skyrocketed. The report stated that while Coinbase (NASDAQ:COIN) backed out of buying the bankrupt crypto lender, companies like FTX and Binance are still on the hunt for digital assets.
VGX’s Sudden Price Jump
Following Voyager’s bankruptcy in July, numerous companies expressed an interest in the crypto lender’s assets. A report from Thursday indicated that at least 11 companies are on the list.
This news caused a major surge in the price of VGX—the price of Voyager’s token. While the token maintained a price of around $0.27 for most of the day, the interest surrounding the bankrupt company’s assets skyrocketed to $0.43 in less than an hour.
The price of VGX stuttered a bit afterward but has maintained the value of around $0.36 over the next hours. Voyager’s previous notable high was on Aug. 16, which was nearly $0.37 for a short time.
VGX/USD Chart
Who Is Interested in Voyager’s Assets?
Coinbase was among the first to express interest in Voyager after the crypto lender filed for chapter 11 bankruptcy. However, the company backed out after concluding that the “financials wouldn’t add up.”
FTX was also an early candidate, but its previous public offers were turned down as Voyager didn’t deem them serious. Allegedly, this company is still in the competition for Voyager’s assets.
According to some sources, Binance is another strong candidate with a keen interest in the company. A publication from Wednesday, Aug. 24, says that Voyager’s Bar Date comes on Oct. 5, and that is the last date when possible disputes might be filed.
