Aoki sold everything from the shiba inu coin. A Arkham Intelligence tracked and confirmed that music producer Steve Aoki completely liquidated his position in SHIB this week, selling 1.78 billion tokens for about $10,340. It seems to be the end of a years-long relationship with the currency.

The move makes sense when looking at the price history. Aoki had accumulated SHIB on several occasions, and in January 2024 exchanged 2.2 ETH (some $5 thousand at the time) for 507 million tokens. But then the shiba inu coin plummeted. With the current price much lower, those same $5 thousand would now buy almost twice as many tokens, showing how much the value has deteriorated.

This liquidation is not isolated. Before selling all the SHIB, Aoki had already exited his positions in Pepe and drastically reduced his ethereum, leaving only about 5 ETH in the wallet. The proceeds were sent to Gemini. It seems he is doing a general cleanup of his portfolio.

The situation worsens when you look at the NFTs. Aoki still holds seven Bored Ape NFTs that cost more than $800 thousand back in 2021 during the hype. Today, each is worth only about $13,800. It’s the kind of reality many who entered at the peak of the collectibles market are facing. The shiba inu coin and digital assets in general have undergone a heavy correction since that peak.