SHIB Price Takes a Hit as 125B Tokens Leave BitGo
Shiba Inu's price is being tested by its support level at $0.00000515, as 125.33 billion tokens move out of BitGo and into a new wallet.
This transfer could be related to an over-the-counter (OTC) settlement or a change in custody.
The current trading price of SHIB is around $0.00000510, which places it near the 0.5 Fibonacci level at $0.00000515.