NEIRO TOKENS

Whale Who Profited $145M from SHIB Now Bets Big on NEIRO Despite Recent Losses in NEIRO ETH and SHIB


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.

Neiro CTO prices
Source: Coinmarketcap
Advertisement

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.

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.


Comments are closed.