TL;DR:
- Steve Aoki sold 1.78 billion SHIB tokens, valued at approximately $10,340.
- The transaction, tracked by Arkham Intelligence, ends years of exposure to the memecoin.
- In addition to SHIB, Aoki has drastically reduced his positions in Ethereum (ETH) and Pepe (PEPE).
The famous DJ and music producer, Steve Aoki, has made a significant move in his cryptocurrency portfolio. On-chain data reveals that Steve Aoki liquidated his Shiba Inu holdings after maintaining the position for several years.
The liquidation was executed throughout the week via multiple transactions. Data from Arkham Intelligence shows that the musician disposed of a total of 1.78 billion SHIB, with the proceeds immediately transferred to the Gemini exchange.
At the time of the sale, the price of Shiba Inu was hovering around $0.000005860, reflecting a 1.53% drop in 24 hours. This value is well below Aoki’s previous accumulation levels.
A Strategic Shift Toward Liquidity
This liquidation action is not an isolated event in Aoki’s strategy. The artist also drastically reduced his exposure to Ethereum, currently holding only about five ETH in his primary wallet.
Furthermore, weeks ago, Aoki completely liquidated his position in Pepe (PEPE), another high-profile memecoin. These sequential movements suggest a clear shift toward seeking liquidity.
Historical analysis of Aoki’s wallet shows he had accumulated SHIB over time. For example, in a past transaction, he exchanged 2.2 ETH for over 500 million SHIB.
Current technical analysis for SHIB indicates ongoing bearish pressure. The token recently broke a key ascending support line, projecting potential further declines toward the $0.0000052 level.
In addition to tokens, Aoki’s NFT portfolio also reflects considerable losses. Although he still retains seven Bored Ape Yacht Club (BAYC) assets, their market value has collapsed.
Aoki acquired these NFTs for over $800,000 during the 2021 boom. Today, it is estimated that each one is worth around $13,800, evidencing the severe correction in the digital collectibles market.
Aoki’s total exit from SHIB, along with his sales of ETH and PEPE and the devaluation of his NFTs, marks a turning point for one of the most visible celebrity investors in the crypto sector.
