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- An OG Shiba Inu whale sold 800 billion $SHIB for $4.9 million.
- $SHIB held $0.0000060 support, trading near $0.0000063.
- If buyers absorb selling pressure further, $SHIB could revisit $0.0000075 resistance.
Shiba Inu ($SHIB) price is showing resilience around $0.0000063, with bulls holding near a critical support level despite a major sell-off by a whale.
The memecoin’s slight dip and intraday rebound come as cryptocurrencies navigate broader market headwinds. $SHIB’s daily performance also saw a 17% spike in trading volume, which stood at $170 million as of Thursday.
OG Whale sells 800 billion $SHIB for $4.9 million
Dogecoin dominated memecoin headlines this week as a double-digit bounce pushed the $DOGE token above $0.10. The gains were also reflected in peers like Shiba Inu, with $SHIB rising to highs of $0.0000065.
On April 29, Bitcoin fell below $75,000 following the Fed’s interest rate decision.
$DOGE slipped below the psychological level, while $SHIB declined to $0.0000060.
The dip coincided with a pivotal transaction from one of Shiba Inu’s original whales, who initially acquired 103.33 trillion $SHIB tokens in 2020 for just $13,760.
The purchase represented 16.84% of the token’s total supply at launch.
On April 30, 2026, the wallet offloaded 800 billion $SHIB, netting roughly $4.9 million.
This sale forms part of a broader divestment strategy: in recent years, the whale has liquidated 4.06 trillion $SHIB, generating $37.6 million in proceeds.
Notably, the address still holds 99.27 trillion $SHIB, currently valued at about $625.41 million.
An OG whale, who once spent $13,760 to buy 103.33T $SHIB (worth $8.9B at peak), sold another 800B $SHIB($4.9M) today.
This OG spent only $13,760 to buy 103.33T $SHIB, sold 4.06T $SHIB for $37.6M over the past few years, and still holds 99.27T $SHIB($625.41M) — 16.84% of the… pic.twitter.com/F0bB0VP5t0
— Lookonchain (@lookonchain) April 30, 2026
Such moves by early holders often signal profit-taking after prolonged appreciation, typically putting pressure on prices. However, $SHIB’s resilience above $0.0000060 suggests buyers are stepping in on dips.
Shiba Inu price forecast
$SHIB’s price trajectory reflects mixed signals amid recent market swings.
Over the past week, the token posted modest gains as rival memecoin Dogecoin surged past $0.10, supported by renewed retail enthusiasm.
However, the past 24 hours have brought renewed pressure, with $SHIB dipping slightly after Bitcoin retreated following the Federal Reserve’s April 29, 2026, policy announcement.
The Fed’s decision to hold rates steady added to uncertainty, triggering a broader crypto sell-off, with rising oil prices adding to the pressure.
$SHIB has held firm at its key support in the $0.0000060–$0.0000063 range, as accumulation absorbs much of the selling pressure.
If buyers maintain momentum, bulls could target resistance at $0.0000075.
A breakout above this level could open the door to $0.000008, particularly if Bitcoin rebounds.
Currently, the RSI and MACD on the daily chart suggest potential upside momentum.
On the downside, failure to hold support could see $SHIB test $0.0000058.
With overall market sentiment still fragile, $SHIB’s direction will depend on sustained buying interest and broader macroeconomic cues.