Eagle eyed collectors have noted that NFT legend and formidable DJ, Steve Aoki, is selling his NFTs en masse. Over the last few weeks, Aoki listed a substantial amount of his 4,000 digital assets for sale on the NFT platform OpenSea.
Aoki remains one of the most popular figures in the NFT space with 8M Twitter followers and an active presence in the NFT community. As such, every move he makes in the space gets analyzed and assessed. So much so that the NFT community coined a phenomenon of the ‘Aoki Curse’ following a series of purchase decisions that plunged in value after completion.
Why Is Steve Aoki Selling NFTs?
Despite the avid speculation, nobody knows for sure why Steve Aoki is selling so many NFTs. Some theorize he’s doing it for tax purposes so he can write off his losses. Others are guessing the value of his NFTs has dropped too low and will never recover. But it’s worth noting he isn’t selling all his collection, having maintained possession of many of his blue-chip assets such as BAYC, Clone X, and Azuki.
So, what’s the real reason for the mass sell-off? Despite all the rumors and guesses, we’ll probably never know for sure. In fact, this could all be part of an elaborate comeback plan Aoki has up his sleeve. We’ll have to wait and see what happens as the year progresses.
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
Writer and author who enjoys simplifying blockchain technology topics.
