SHIB OG whale dumps another $4.9M — and still holds $625M worth of tokens.

A wallet that entered Shiba Inu with just $13,760 sold another 800 billion SHIB tokens for $4.9 million on April 30, bringing total realised sales to $37.6 million over several years. The wallet still holds 99.27 trillion SHIB — roughly 16.84% of circulating supply — valued at approximately $625 million, making this latest move a trim rather than an exit.

SHIB is currently trading around $0.00000659, grinding sideways with key support at $0.0000060 and resistance at $0.0000072. A break below $0.0000060 could expose the next meaningful floor near $0.0000048, particularly given thin order book depth at current levels.

The $4.9 million sale itself is well within normal CEX and DEX liquidity. The real overhang is the remaining position: if exchange reserves push sustainably above 83–84 trillion SHIB, distribution pressure could outpace passive absorption and shift the structure decisively…