Shiba Inu price holds key support despite whale selling 800B SHIB - CoinJournal

• 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.

Shiba Inu price chart by TradingView

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.

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