A stark warning emerges from celebrity crypto portfolios as DJ Steve Aoki exits his Shiba Inu (SHIB) holdings, sparking fears of a deepening community sell-off. Arkham Intelligence reports Aoki liquidated $30,000 in SHIB and Ethereum, transferring proceeds to Gemini amid the memecoin's precipitous 82% collapse from its December 2024 peak. Despite the high-profile exit, analysts urge long-term holders to weather the storm, citing potential accumulation opportunities during extreme fear cycles. The DJ's parallel massive loss on Bored Ape NFTs—purchased for over $800,000 in 2021 and now valued at roughly $13,800 each—underscores the volatile nature of speculative digital assets.

Why You Should Not Follow Steve Aoki And Sell Your Shiba Inu Coins

While Shiba Inu (SHIB) had an incredible launch, its performance has slumped substantially over the last few years. SHIB’s first few months were historic, rallying by many million percent during the 2021 bull run. Shiba Inu (SHIB) went on to hit an all-time high of $0.00008616 in October 2021. However, the popular cryptocurrency’s price has fallen by more than 93% since its 2021 peak, according to CoinGecko’s SHIB data.

Steve Aoki’s decision to sell his Shiba Inu (SHIB) holdings could be due to his frustration with the asset’s lackluster performance. However, crypto veterans will know that the market works in cycles. Shiba Inu (SHIB) saw some gains in 2024, but 2025 did not see much positive price actions. 2026, furthermore, has been a disaster for the crypto market. Geopolitical tensions and macroeconomic uncertainties have kept investors away from risky assets.

Despite the current lackluster market, there is a chance that Shiba Inu (SHIB) will rebound in the future. The project has made substantial developments, such as the launch of the Shibarium network, ShibOS, a metaverse, and a potential stablecoin. All of these initiative could bear fruit in the coming future. Hence, holding onto your SHIB holdings, instead of selling at a loss, could be the lucrative way to go.