A long-dormant whale just made a move—and it’s one people are watching closely.
A wallet that originally put in around $13,700 into Shiba Inu has now taken profits again, selling roughly 800 billion tokens for about $4.9 million. Even after that sale, the total profit on the position is estimated to be well over $660 million.
That’s not a small player trimming a position. That’s one of the biggest early winners in SHIB history making another decision.
And the bigger question isn’t the sale itself—it’s what comes next.
Because the same wallet is still sitting on more than 99 trillion SHIB. If that starts moving, the impact could be a lot more noticeable.
Where SHIB stands right now
At the moment, SHIB is trading around $0.00000659, moving sideways with the rest of the market. There’s no strong momentum either way—it’s more of a wait-and-watch phase.
Technically, the chart is pretty straightforward.
There’s solid support around $0.0000060, a level that has held multiple times over the past few weeks. On the upside, resistance sits near $0.0000072, which has capped recent attempts to move higher.
So for now, it’s stuck in a range.
Why this whale move matters
The $4.9 million sale on its own isn’t the issue. The market can absorb that without much trouble.
What traders are really watching is whether this turns into a pattern.
If more tokens from that wallet start flowing to exchanges, it could signal a broader exit. And that’s where things get tricky—because once distribution starts picking up pace, it can overwhelm demand pretty quickly.
There’s also a key on-chain signal to keep an eye on: exchange reserves. If the total SHIB held on exchanges starts pushing higher—especially into the 83–84 trillion range—it could mean selling pressure is building in the background.
Key levels to watch
Right now, everything comes down to one level: $0.0000060.
If that holds, the structure stays intact, and the recent sell-off likely gets absorbed without much damage
If it breaks, the next meaningful support sits much lower, around $0.0000048—and moves in that direction can happen fast
So the current range might look calm, but it’s sitting on a pretty important edge.
The bigger meme coin picture
There’s also a broader shift happening in the meme coin space.
When momentum comes back into this sector, it usually concentrates around one or two standout names. We’ve seen that pattern before—from Dogecoin to SHIB, and then to newer names in later cycles.
Right now, SHIB is in a bit of an awkward spot. It’s no longer early, but it’s also not leading the narrative the way it once did.
That’s why some traders are starting to look at smaller, earlier-stage meme projects where the upside isn’t already priced in.
One example getting attention is Maxi Doge, which leans heavily into community-driven trading culture—things like competitions, rewards, and high engagement.
The presale has already raised over $4.7 million, with staking rewards reportedly going as high as 65% APY for early participants.
Of course, like anything in this category, it comes with risk. Liquidity, sustainability, and long-term traction are all still open questions.
Everything depends on what that whale does next.
