Date: Wed, Sept 18, 2024, 08:28 AM GMT
In the cryptocurrency market today, one early SHIB investor is making headlines again, this time for betting big on the memecoin First Neiro On Ethereum (NEIRO). Over the past 7 days, NEIRO has surged by an incredible 1800%, fueled by its recent listing on Binance, the world’s largest crypto exchange. This massive rally has put the token in the spotlight, drawing attention from investors and traders alike.
Today, Spotonchain monitoring reported that this seasoned whale, who once pocketed a jaw-dropping $145 million from Shiba Inu ($SHIB) during the 2021/22 bull run, has made another bold move. The investor swapped 1,003 ETH (worth $2.31 million) for 2.86 billion NEIRO tokens in just the last hour, despite the memecoin already being up 17x from its earlier price.
This early SHIB buyer swapped 1,003 $ETH ($2.31M) for 2.86B $NEIRO in the last hour, despite the x17 pump!
— Spot On Chain (@spotonchain) September 18, 2024
Though the whale made $145M from $SHIB in 2021/22, 2 out of its 3 recent trades, including #NEIROETH and the 2nd $SHIB trade, haven’t been as successful, resulting in… https://t.co/Rh1SIhTtN4 pic.twitter.com/LXajvUQM1t
However, the whale’s recent trading record hasn’t been as successful as their SHIB glory days. Out of the last three significant moves, two trades—one involving NEIRO and the other another SHIB deal—have resulted in losses totaling $13.48 million. Despite these setbacks, the whale made a smart pivot on August 30, swapping their underperforming SHIB tokens for 3.114 million Fetch.ai ($FET) tokens. As of now, this FET position is showing an unrealized profit of $715,000, up by 20.7%.
While the crypto market is known for its volatility, this whale’s track record of taking high-risk, high-reward positions continues to capture the market’s attention.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
