An unknown venture capital company accelerates the Voyager Digital token

Article Reading Time:
1 min.

The price of the VGX token jumped by 500% in two days. Market participants suspect a manipulative increase in the exchange rate.

Unknown to crypto market participantsMetaFormLabs (MFL), positioning itself as a venture capital company, is accelerating the quote of the utility token of the bankrupt crypto broker Voyager Digital (VGX). At the moment, the price of VGX rose above $1.

VGX hit a record low of $0.14 earlier this week, recording a 97% decline from its November 2021 peak of $5.81.

MetaFormLabs announced plans on Twitteraccelerate VGX quotes to $5-8 in the near future. At the same time, there is no reliable evidence on the Internet about the registration of such a company as a professional market participant.

“We now have $50 million of our own funds and another $67 million provided by well-known crypto enthusiasts. We are establishing a new target range for VGX,” announced MetaFormLabs.

The MFL team explains its motives as a desire to save Voyager Digital shareholders, who “became the victim of a series of fatal events following the collapse of the Terra ecosystem.”

</p>

Announced financial opportunitiesMetaFormLabs, which volunteered to save Voyager investors, is disproportionately small compared to industry giants FTX and Binance, which announced plans to support the industry.