According to a recent report from Arkham, popular DJ Steve Aoki sold $30,000 worth of his Shiba Inu (SHIB) and Ethereum (ETH) holdings and transferred the proceeds to Gemini. This move has caused some stir within the SHIB community, as investors have been left with significant losses. SHIB struggled to gain momentum last year, falling from $0.000032 in December 2024 to $0.0000058 in April 2026. Aoki may have exited his position in SHIB, but let’s discuss why it is more profitable to hold on to SHIB tokens and weather the storm.
Why you shouldn’t sell your Shiba Inu coins following Steve Aoki
Shiba Inu (SHIB) got off to a great start, but its performance has declined significantly in recent years. SHIB’s first few months were historic, rising millions of percentage points during the 2021 bull market. Shiba Inu (SHIB) hit an all-time high of $0.00008616 in October 2021. However, the price of the popular cryptocurrency has fallen more than 93% from its peak in 2021, according to SHIB data from CoinGecko.
Steve Aoki’s decision to sell his Shiba Inu (SHIB) shares may be due to dissatisfaction with the asset’s lackluster performance. However, crypto veterans will know that markets work in cycles. Shiba Inu (SHIB) saw some gains in 2024, but 2025 hasn’t seen much positive price action. Furthermore, 2026 was a disaster for the crypto market. Geopolitical tensions and macroeconomic uncertainty are driving investors away from risk assets.
Although the current market is sluggish, there is a possibility that Shiba Inu (SHIB) will make a comeback in the future. The project has undergone substantial development, including the launch of the Shibarium network, ShibOS, Metaverse, and potential stablecoins. All these efforts are likely to bear fruit in the near future. Therefore, it may be advantageous to hold on to your SHIB holdings rather than sell them at a loss.
