I just found out that Steve Aoki has completely exited Shiba Inu. He sold all his SHIB — about 1.78 billion tokens for around $10,340. That’s a huge loss considering he accumulated these coins over years. I remember, at the beginning of 2024, he exchanged 2.2 ETH (then about $5,000) for half a billion SHIB, and now his entire position is closed.

Interestingly, this isn’t just about Shiba coin news — the guy is simultaneously getting rid of Pepe and reducing his ETH holdings. It looks like a serious overvaluation of his portfolio. And if you recall how much he lost on NFTs (bought Bored Apes for $1.78B, which are now worth much less), the picture is clear — the crypto market has hit him hard.

What’s interesting is that technical analysis of SHIB looks even worse — the token broke through the support line, analysts expect a drop to 0.0000052. Maybe Aoki just read the same charts and decided not to wait any longer. Shiba clearly doesn’t look promising in the near future.