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Is the bottom finally in?
Steve Aoki, the globally renowned DJ turned NFT deg, has sold and listed a significant amount of his NFTs. The DJ has detailed hundreds of NFTs, from the most prominent collections to those that are no longer important. So, does this mean the bottom is in? Let’s dive into it.
The sale
As many may know, Aoki is an active member of the NFT community and has formed a collection of 4k digital assets. Nevertheless, 15 days ago, Aoki started selling hundreds of his NFTs on Opensea. He has listed and sold some of the most notable projects in the space. Some examples include Goblintown, 3Landers, Coolman’s Universe, Dippies, Creature World, Karafuru, 0n1 Force, Alien Frens, and Cryptomorries, among many others.
Before you panic and think NFTs have ended, just note that Aoki didn’t sell his entire collection. The famous DJ retained many blue-chip NFT collections, such as BAYC, PUNKS, Azuki, and Clone X. This speaks volumes for what he thinks of these collections and where they are headed.
Many community members voiced their belief that Aoki is selling the NFTs to reap tax losses before the end of the year. This is most likely the case. On the contrary, when taken at face value, one can also conclude that Aoki sold all the projects that have lost significant value. Perhaps it is both reasons; we will never know. Also, as surprising as it may sound, many NFT community members saw this situation as a good thing. “We’re about to moon, hang tight,” tweeted Twitter user @JA50Neth. Other users expressed how bullish the news was, confirming that the bottom is in.
To specify, the Aoki Curse is the source of the community’s joy and sense of relief.
This is very good news
— matt (@mpt_matt) 30 December 2022
Is the Steve Aoki curse over?
According to the urban legend among the NFT community, everything Aoki touches turns to dust. Many collections that the famous DJ has monkeyed into in the last year have drastically decreased in value. As a result, various circles were concerned about the DJ’s involvement in their project. Furthermore, Aoki is linked to several collections that have seen a decline in value in the past, such as Azuki, Goblintown and more. With his NFT sales in full swing, this seems like it could be the end of the Aoki curse, for now.
In short, no one knows where the bottom of this rough market lies. All we know is that Aoki is selling his NFTs, which can be considered both a good and a bad thing. But it all depends on your feelings about his NFT sales. As it stands, it looks like Aoki is here for the long haul, so we can expect him to step into the slot in the new year.
