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Voyager Token (VGX) Spikes Nearly 4% After Bankman-Fried's FTX Wins Bid To Buy Crypto Platform

Stock Markets Sep 27, 2022 04:40
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© Reuters. Voyager Token (VGX) Spikes Nearly 4% After Bankman-Fried's FTX Wins Bid To Buy Crypto Platform
 
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Voyager Token (CRYPTO: VGX), a token linked with digital assets trading firm Voyager Digital spiked 3.9% to $0.71 at 10:26 p.m. EDT.

Voyager Token (VGX) Price Performance Time-frame % Change (+/-)
24-hour 3.9%
24-hour against Bitcoin (CRYPTO: BTC) 0.6%
24-hour against Ethereum (CRYPTO: ETH) 0.4%
7-day -3.7%
30-day 55.5%
YTD-performance

-76.4%

On Monday night, FTX US, a cryptocurrency exchange headed by Sam Bankman-Fried, won the bid to acquire Voyager Digital for $1.3 billion at prevailing market prices.

Bids for Voyager were also forthcoming from platforms such as Binance and CrossTower.

Voyager filed for Chapter 11 bankruptcy after Terra (LUNA) collapsed and the exchange also took a hit from Three Arrows Capital’s default and subsequent liquidation.

The 24-hour trading volume for VGX was down 41.8% at $33.425 million, according to data from CoinMarketCap.

Separately, Luna Classic (LUNC), the cryptocurrency that inherited the original Terra blockchain after a hard fork, emerged as the top intraday gainer among massive volume spikes after Binance said it would implement a burn mechanism.

Read Next: Do Kwan Is On The Run. And LUNC Is On A Run, Surging 40%: How Terra Classic Became The Luna Crisis Proxy

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Voyager Token (VGX) Spikes Nearly 4% After Bankman-Fried's FTX Wins Bid To Buy Crypto Platform
 

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