- The OG Shiba Inu whale sold 800 billion SHIB for $4.9 million.
- SHIB held a support of $0.0000060 and traded near $0.0000063.
- If buyers absorb the selling pressure further, SHIB could revisit the $0.0000075 resistance.
Shiba Inu (SHIB) price is showing resilience at around $0.0000063, with bulls holding near a critical support level despite the whale’s heavy sell-off.
Memecoin’s slight decline and intraday rebound comes as cryptocurrencies navigate broader market headwinds. SHIB’s daily performance also saw a 17% rise in trading volume, which stood at $170 million as of Thursday.
OG Whale sells 800 billion SHIB for $4.9 million
Dogecoin dominated the memecoin headlines this week as a double-digit bounce pushed the DOGE token above $0.10. The gains were also mirrored in peers like the Shiba Inu, where SHIB rose to highs of $0.0000065.
On April 29, Bitcoin price fell below $75,000 After the Fed’s decision on interest rates.
DOGE fell below the psychological level, while SHIB fell to $0.0000060.
The drop coincided with a pivotal transaction from one of the original Shiba Inu whales, which initially acquired 103.33 trillion SHIB tokens in 2020 for just $13,760.
The purchase represents 16.84% of the total token supply at launch.
On April 30, 2026, the wallet emptied 800 billion SHIB, netting approximately $4.9 million.
This sale forms part of a broader divestment strategy: in recent years, the whale has liquidated 4.06 trillion SHIB, generating proceeds of $37.6 million.
Notably, the title still holds 99.27 trillion SHIB, which is currently worth around $625.41 million.
The OG whale, who once spent $13,760 to buy 103.33T $SHIB (worth $8.9 billion at peak), sold another $800 billion $SHIB($4.9 million) today.
OG spent just $13,760 to buy 103.33T $SHIB4.06 tons sold $SHIB For $37.6 million over the past few years, it still holds $99.27 trillion $SHIB($625.41 million) – 16.84% of… pic.twitter.com/F0bB0VP5t0
– Loconchain (@loconchain) April 30, 2026
Such moves by early holders often signal profit-taking after a prolonged currency appreciation, which typically puts pressure on prices. However, SHIB’s resilience above $0.0000060 suggests that buyers are stepping in on dips.
Shiba Inu price forecast
SHIB’s price trajectory reflects mixed signals amid recent market volatility.
Over the past week, the coin posted modest gains as rival Memecoin Dogecoin rose above $0.10, supported by renewed retail enthusiasm.
However, the past 24 hours brought renewed pressure, with SHIB falling slightly following Bitcoin’s pullback following the Fed’s April 29, 2026 policy announcement.
The Federal Reserve’s decision to keep interest rates steady has increased uncertainty, leading to a widespread sell-off in cryptocurrencies, with rising oil prices adding pressure.
SHIB held steady at its key support level in the range of $0.0000060 – $0.0000063, where accumulation is absorbing much of the selling pressure.
If buyers maintain the momentum, the bulls may target resistance at $0.0000075.
A break above this level could open the door to $0.000008, especially if Bitcoin rebounds.
Currently, the RSI and MACD on the daily chart indicate potential upward momentum.
On the downside, failure to hold support could result in a test of the $0.0000058 SHIB.
As overall market sentiment remains fragile, SHIB’s direction will depend on continued buying interest and broader macroeconomic signals.
