Price of Token of Bankrupt Company Voyager Digital Soars by 500%

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The price of the utility token of the crypto broker Voyager Digital has grown by more than 500% in recent days, rising above $1 at the peak, reportedly driven by the efforts of an unknown MetaFormLabs structure.

At the moment, the price of the asset has hit $0.54.

Although MetaFormLabs claims to be venture company, the company does not seem to be registered as a professional market participant.

The structure has previously announced it plans to pump VGX to the price range of $5-$8:

“We will continue to promote PumpVGXJuly18 no matter the price. We have set a new target range of $5-$8. The company currently has $50 million in internal balance and $67 million promised by well-known crypto enthusiasts.”