Wow, what a turn of events — Steve Aoki has completely exited Shiba Inu. Sold his last 1.78 billion SHIB for approximately $10 340 and transferred everything to Gemini. According to Arkham Intelligence, this marks the end of his multi-year involvement with this token.

Interestingly, this is not just a coincidence. The guy is clearly overestimating his positions — recently liquidated assets in Pepe, reduced Ethereum holdings to 5 coins. It seems he's systematically closing out his positions.

And here’s the sad part. Aoki accumulated SHIB over several years, in January 2024 exchanged 2.2 ETH (then ~$5000) for 507.66 million SHIB. Now, at a price of about $0.00, the same $5000 would already give 851 million coins — Shiba coin has dropped significantly. It’s even more painful with NFTs: seven Bored Apes bought for $800k during the 2021 boom, now each worth about $13,800. That’s a huge overvaluation of assets. Analysts say SHIB could fall even further, breaking support. I don’t envy his portfolio right now.