Steve Aoki once believed NFTs would become part of everyday culture within five years. Back in 2021, he went all in on the movement after his first NFT collection, Dream Catcher, earned more than $4 million. He even said that one NFT drop made him more money than a decade of music advances combined.

As NFT hype exploded, Aoki built projects, launched Web3 communities, and bought heavily into the trend, including seven Bored Apes worth over $800,000 at the time. Like many others during the boom, he believed NFTs represented the future.

Now, nearly five years later, the story looks very different. Recent wallet activity tracked by Arkham Intelligence shows Aoki cashing out crypto holdings and moving funds to Gemini. Meanwhile, his Bored Apes have dropped roughly 88% in value.

The timeline is hard to ignore. The five years arrived. But the cultural takeover many predicted never fully happened.

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