According to a recent Arkham report, popular DJ Steve Aoki sold $30,000 worth of Shiba Inu (SHIB) and Ethereum (ETH) holdings, and then moved his proceed to Gemini. The move has caused some stir within the SHIB community, as investors sit on heavy losses. SHIB has struggled to gain steam over the last year, falling from $0.000032 in December 2024 to $0.0000058 in April 2026. While Aoki may have exited his SHIB positions, let’s discuss why it may be more lucrative to hold on to your SHIB tokens and weather the storm.
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.
Also Read: Shiba Inu To $1: Mathematical Impossibility Or Matter Of Patience?
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.
Credit: Source link
