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

• 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 origina...