Voyager: As FTX.US acquires all assets, the future of VGX still remains a mystery

ambcrypto.com:

The crypto brokerage and lenderVoyager Digital faced severe tides since it filed forbankruptcy proceedings on 6 July 2022. Impacted by the collapse of Three Arrows Capital (3AC), Voyager Digital, in a 22 June press release, informed its users of its 15,250 BTC and $350 million investment exposure to 3AC.

But could the sail see a ‘peaceful’ voyage now that the platform found a place to call home?

VGX, the native token of the failed crypto brokerage firm Voyager Digital, rallied by 20% during the intraday trading session. At the time of writing, the token traded around the $0.7 mark after witnessing a fresh surge on CoinMarketCap.

Source: CoinMarketCap

Meanwhile, the token saw significant trading activity ongoing at press time. The trading volume for the VGX token was up by more than 50% in the last 24 hours. At press time, the trading volume reached around the 45 million mark.

Source: Santiment

VGX’s daily active addresses too saw a similar picture on the same platform. Indeed a steep incline after the network fell by 88% in August. Apart from this, crypto twitter showcased some affection as well as bullish projections on Twitter to mark the uprise.

But what really helped the cause?

As per the previous report, Voyager confirmed that it had received multiple bids for its assets as part of its restructuring process. Finally, we have a winner as confirmed by the crypto lender platform on the social media platform.

— Voyager