Top American DJ Exits Shiba Inu, Sells 1.78B SHIB Holdings

The latest on-chain activity signals a clear shift in portfolio strategy for a high-profile crypto holder. Recent transactions highlight a broader pattern of asset rotation across major and meme tokens. The developments also reflect ongoing pressure across segments of the digital asset market.

Aoki closes Shiba Inu position amid broader sell-off

Blockchain data shows that Steve Aoki has fully exited his Shiba Inu holdings. According to Arkham Intelligence, wallets linked to Aoki executed multiple transactions this week. The firm reported that Aoki sold 1.78 billion SHIB, valued at about $10,340.

This transaction marked the end of his multi-year exposure to the token. Shortly after the sale, he transferred the proceeds to Gemini. The movement suggests a shift toward liquidity or repositioning.

At the same time, Aoki reduced his exposure to Ethereum. On-chain data shows he retained only about five ETH in his wallet. Weeks earlier, he also liquidated his position in Pepe. The sequence indicates a broader exit from high-risk digital assets.

SHIB decline highlights losses and market pressure

Aoki accumulated SHIB through several transactions over time. In one instance, he swapped 2.2 ETH, then worth around $5,000, for 507.66 million SHIB. Current price levels show a sharp decline in value since that purchase.

At approximately $0.000005872 per token, the same $5,000 now buys about 851.06 million SHIB. This shift illustrates the token’s steep depreciation. SHIB broke below an ascending support line. As a result, projections suggest a possible drop toward $0.0000052. The outlook reflects continued pressure on meme coin valuations.

Beyond tokens, Aoki’s digital asset portfolio shows losses in NFTs. Arkham reported that he still holds seven assets from Bored Ape Yacht Club. He acquired these NFTs for over $800,000 during the 2021 boom.

Each NFT now holds an estimated value of about $13,800. The decline mirrors the broader correction across the NFT market. These combined losses highlight ongoing volatility in speculative crypto segments.

At the time of writing, Shiba Inu is trading at around $0.000005860, down by 1.53% for the past 24 hours.