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Just noticed something wild - Steve Aoki's bored ape NFTs are down 88%. The guy was super bullish on NFTs back in 2021, dropped over $800k on seven Bored Ape Yacht Club tokens when they were hot, and now they're worth like $97k. That's rough.
Looks like he's finally throwing in the towel. On-chain data shows his wallet dumped a massive amount of his crypto positions recently - sold 1.785 billion SHIB for around $10.3k and 725 million ETH for about $15.9k, moved the proceeds to Gemini. Couple weeks before that, he also cleared out 4.155 billion PEPE through 1inch for roughly $14.7k. Total liquidation around $30k.
The whole thing is pretty telling about where the NFT market is at right now. Bored Ape floor price went from like $400k at the start of 2022 down to under $14k now. His TV show project 'Dominion X' sold out in 30 seconds but never even aired. Meanwhile, the bull run of the last two years basically skipped right over the entire NFT space. Kind of makes you wonder if all that 'NFT will be part of culture' hype from 2021 was just peak cycle talk.