VGX, native crypto of the Troubled Voyager platform, gains 44% in the last 24 hours

Voyager (VGX), the crypto exchange platform that went bankrupt in July, used to be a force to be reckoned with in the crypto space.

  • VGX is up 44% in price in the last 24 hours
  • Voyager Digital Files Notification for Public Auction of Rest of Its Assets
  • VGX registers a spike in trading volume and social statistics

In fact, VGX, the original token, has risen 10x in a few months after its launch.

VGX token showed a generous spike in 2021 but was horribly decapitated by the crypto drop in 2022 that led to bankruptcy.

Although, VGX seems to be recovering by coming back stronger as it has made a notable gain by ramping up amid the top 200 cryptocurrencies.

According to CoinMarketCapthe VGX price is down 19.56% at the time of writing or is trading at $0.8528.

Voyager Digital Files Auction Notice

Voyager Digital recently filed a notice informing the United States Bankruptcy Court for the Southern District of New York that the company will hold an auction to sell the rest of its assets.

The auction will be held on September 13 at Moelis & Company’s Manhattan office. Moreover, the hearing on the approval of the results is scheduled for September 29.

Aside from Voyager suggesting trouble in paradise, it also indicates that the crypto platform has received more than enough bids for its remaining assets, which Voyager recently confirmed in a tweet.

Apparently Voyager has received multiple bids on the auction of its assets, which may further consolidate and amplify the platform’s redesign process. Apparently, this development came after the rejection by a cryptocurrency lender of an offer coming from the FTX exchange.

VGX Trading Volume Remains Bullish

VGX has since made remarkable gains. With a resurgent trading activity, the trading volume of VGX token is also up 2,000% overnight. Voyager token trading volume reportedly reached $87.64 in August, which is significantly the highest daily volume recorded for VGX in the past month.

Chart: CoinMarketCap

After massive bullish momentum, VGX’s social dominance has also turned bullish, which is no surprise. However, despite the positive outlook of the VGX token, the future of both Voyager Digital and VGX token looks bleak, meaning that investing or trading should be done with extreme caution.

Voyager Token is a US-based crypto exchange platform founded in 2017 by founders Stephen Ehrlich, the CEO, along with Gaspard de Dreuzy and Philip Eytan, titans of the financial and tech industry. Voyager is a registered trading company listed on the Toronto State Exchange.

The crypto exchange platform has more than 100 coins that you can buy using the secure and fast mobile application that allows users to earn 7% to 12% in rewards on an annual basis, plus the opportunity to earn more through the Voyager Loyalty Program.

Voyager has so many exciting and innovative plans and benefits in store for users, such as debit card and other DeFi projects.

Crypto total market cap at $1 trillion on the daily chart | Source: TradingView.com

Featured image from CoinJournal, chart from TradingView.com

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