[DigitalToday reporter Yoonseo Lee] Steve Aoki (스티브 아오키), known as a U.S. producer, has disposed of all the Shiba Inu (SHIB) he held and fully exited the position.

On April 14 local time, blockchain outlet The Crypto Basic reported that on-chain analytics firm Arkham Intelligence confirmed that a wallet linked to Aoki recently sold all remaining Shiba Inu holdings.

About 1.78 billion SHIB was sold in the transaction. It was worth $10,340 at the time, and Arkham Intelligence viewed the single transaction as meaning Aoki had ended his Shiba Inu holdings. The wallet moved the proceeds to the Gemini exchange immediately after the sale.

The move is closer to a broader portfolio reduction than a single standalone trade. In recent weeks, Aoki also cleared all his holdings of meme coin Pepe (PEPE) and reduced his Ethereum holdings. The wallet is believed to hold only 5 ether now. Arkham Intelligence said Aoki had fully liquidated his Shiba Inu holdings.

Aoki accumulated Shiba Inu in multiple purchases. He once exchanged 2.2 ether for 506.6 million Shiba Inu on Jan. 1, 2024. It was worth $5,000 at the time. But Shiba Inu's price later fell sharply. At the current price, the same $5,000 would buy about 851.06 million SHIB. That means the token's value has fallen significantly.

The price trend also aligns with bearish signals. On technical indicators, Shiba Inu has recently broken below an upward support line, and some in the market say it could slide to $0.0000052 if losses extend. It is not possible to conclude that Aoki's sale directly moved the market price, but his timing in cutting holdings overlaps with a weak patch for Shiba Inu.

Aoki's losses were not limited to meme coins. During the non-fungible token (NFT) boom in 2021, he bought 7 Bored Ape Yacht Club NFTs for more than $800,000. But the value of each NFT has now fallen to about $13,800. That reflects an ongoing price adjustment across the broader digital collectibles market.

Against this backdrop, Aoki's recent wallet activity is seen as reducing exposure to high-risk digital assets including meme coins and NFTs. With the full sale of Shiba Inu, the liquidation of Pepe and the cut in Ethereum holdings confirmed at the same time, attention is on whether further asset moves will follow.