Interesting news about Steve Aoki — he completely liquidated his position in Shiba Inu this week. Sold 1.78 billion tokens for about $10 340 and immediately transferred the money to Gemini. Looks like the final point in his multi-year story with this meme coin.

What’s funny is that the guy accumulated SHIB gradually, in January 2024 he exchanged 2.2 ETH for 507 million tokens. But since then, the price has dropped so much that the same $5000 would now give him 851 million SHIB. A complete disaster for the position. Plus, he recently exited Pepe and kept only 5 ETH, so he's clearly clearing out his portfolio.

And even funnier with his NFT — seven Bored Ape Yacht Club monkeys he bought for $800k during the 2021 boom. Now each is worth about $13.8k. Such losses in memory. It seems Aoki simply accepted defeat in this market and is exiting. Although analysts say SHIB could still fall to $0.0000052, so maybe he got out just in time.