- The OG Shiba Inu whale sold 800 billion SHIB for $4.9 million.
- SHIB had a support of $0.0000060, trading around $0.0000063.
- If buyers resume selling pressure, SHIB may resume resistance at $0.0000075.
The price of Shiba Inu (SHIB) is showing resistance around $0.0000063, with the bulls holding close to the support zone despite the strong selling by the whale.
Memecoin’s slight drop and intraday reversal comes as the cryptocurrency moves higher in the market. SHIB’s daily performance also saw a 17% increase in sales, 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 jump pushed the DOGE token above $0.10. This gain was also reflected by peers like Shiba Inu, with SHIB rising to $0.0000065.
On April 29, Bitcoin dropped below $75,000 following the Fed’s interest rate decision.
DOGE dropped below the sentiment level, while SHIB declined to $0.0000060.
The dip coincided with what happened to one of the original Shiba Inu whales, who acquired 103.33 trillion SHIB tokens in 2020 at a price of just $13,760.
The purchase represented 16.84% of the token’s volume at launch.
On April 30, 2026, the wallet downloaded 800 billion SHIB, a total of $4.9 million.
This sale is part of a cost reduction strategy: in recent years, the whale has liquidated 4.06 trillion SHIB, generating $ 37.6 million in revenue.
In particular, the address still has 99.27 trillion SHIB, which is currently worth about $625.41 million.
OG Whale, who once spent $13,760 to buy a 103.33T $SHIB (worth $8.9B at peak), sold another 800B $SHIB($4.9M) today.
This OG cost only $13,760 to buy a 103.33T $SHIBPrice of 4.06T $SHIB for $37.6M over the past few years, and still holds 99.27T $SHIB($625.41M) – 16.84% of… pic.twitter.com/F0bB0VP5t0
– Lookonchain (@lookonchain) April 30, 2026
Such moves by long-term holders indicate profit-taking after a long period of appreciation, which puts prices on the market. However, SHIB’s strength above $0.0000060 indicates that buyers are entering it.
The price of Shiba Inu
SHIB’s stock price shows various signs of recent market changes.
In the past week, the token made a slight gain while its fellow memecoin Dogecoin rose $0.10, supported by increased trading interest.
However, the past 24 hours have brought pressure again, with SHIB falling slightly after Bitcoin bounced back after the Federal Reserve’s April 29, 2026 announcement.
The Fed’s decision to hold rates in doubt, leading to a massive sell-off in crypto, and rising oil prices add to the stress.
SHIB has remained firm on its major support in the $0.0000060–$0.0000063 range, as the rally takes a lot of selling power.
If the buyers maintain strength, the bulls could follow the resistance at $0.0000075.
A break above this level could open the door to $0.000008, especially if Bitcoin bounces back.
Meanwhile, the RSI and MACD on the daily chart indicate a potential bullish trend.
On the left side, failure to hold support could see SHIB test $0.0000058.
With overall market sentiment still weak, SHIB’s performance will depend on consumer interest rates and key economic trends.
