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Just saw that Steve Aoki completely liquidated his shiba inu coin—like 1.78 billion SHIB for just under $10k. It’s crazy how the price has tanked since he bought in January 2024. Back then, he swapped 2.2 ETH for 507 million tokens, and now, with the same budget, you could get almost double. It really shows how this market can mess up your positions.
On top of that, the guy also liquidated his Pepe and cut his ETH holdings down to just 5 tokens. This looks like a massive exit from the meme coin sector. And now, analysts say the shiba inu coin could still drop to 0.0000052$. The technical supports have broken, so it might not be over yet.
The worst part is his Bored Ape Yacht Club NFTs, which he bought for over $800k in 2021—now each one is only worth around $13.8k. It’s wild to see how the collectibles market has crashed. Do you think this is the end for these projects, or just a correction?