Steve Aoki Sells Most NFTs and Crypto Holdings Amid Market Collapse
Key Takeaways
- Liquidates most crypto holdings, transferring funds to Gemini.
- Faces a class-action lawsuit over undisclosed endorsements of NFTs.
- Lawsuits allege promoters hyped NFTs now worth little.
Aoki's Crypto Exit
Steve Aoki is quietly exiting crypto nearly five years after predicting NFTs would become part of mainstream culture.
“NFT bull Steve Aoki sells his SHIB, ETH, and PEPE”
He is liquidating most of his crypto holdings and moving funds to Gemini.
Aoki's seven Bored Apes, purchased for more than $800,000, are now worth about $97,000, an 88% decline.
His wallet sold 1.785 billion SHIB for roughly $10,300 and swapped 7.25 ETH for approximately $15,900.
His NFT-backed TV project "Dominion X" briefly sold out but failed to reach broadcast.
Class Action Lawsuit
Aoki faces a class-action lawsuit alleging he deceptively promoted now-worthless digital assets.
The suit claims he used his social media influence to hype NFTs for MetaZoo without disclosing he was a paid partner.
Plaintiff Evan Berger purchased at least 26 NFTs based on their endorsements.
The lawsuit was filed on grounds of unfair trade claims and false advertising.
MetaZoo has gone out of business.
Market Collapse and Legacy
Bored Ape floor prices have fallen from over $400,000 to under $14,000 today.
“The aftermath of cashing in on the NFT hype”
The 2023–2025 bull market largely bypassed NFTs entirely.
Capital has increasingly favored projects demonstrating clear utility.
Aoki's transition encapsulates the rise and fall of the celebrity-driven NFT boom.
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