I found it interesting that Steve Aoki, the music producer who was very active in crypto in recent years, has just completely disposed of his positions in Shiba Inu coin. Arkham Intelligence flagged that he sold about 1.78 billion SHIB for just a little over $10,000 and then sent all of it to Gemini. It looks like that was the final stop in a very long journey with the token.

But this wasn’t isolated, not at all. In the past few weeks, he’s been liquidating everything he has—he exited Pepe as well, leaving only 5 ETH in his wallet. The problem is that Shiba Inu coin has dropped a lot since he started accumulating it. Back in January 2024, he spent 2.2 ETH (uns 5k na época) to get 507 million SHIB, but the price has crashed ever since. With the current price, that same $5,000 would buy a lot more tokens today—showing just how much the coin has devalued.

The most painful part, though, was with the NFTs. Aoki still holds 7 Bored Ape NFTs that cost more than $800,000 during the 2021 boom. Today, each one is worth around $13,800. It’s basically the story of someone who entered at the peak of two different bubbles—both in Shiba Inu coin and in digital collectibles. Technical indicators suggest that SHIB could keep falling.