Date: Wed, Sept 18, 2024, 08:32 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 worldâs largest crypto exchange. This massive rally has put the token in the spotlight, drawing attention from investors and traders alike.
Source: Coinmarketcap
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!
Though the whale made $145M from $SHIB in 2021/22, 2 out of its 3 recent trades, including #NEIROETH and the 2nd $SHIB trade, havenât been as successful, resulting in⊠https://t.co/Rh1SIhTtN4 pic.twitter.com/LXajvUQM1tâ Spot On Chain (@spotonchain) September 18, 2024
However, the whaleâs recent trading record hasnât been as successful as their SHIB glory days. Out of the last three significant moves, two tradesâone involving NEIRO and the other another SHIB dealâhave 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 whaleâs track record of taking high-risk, high-reward positions continues to capture the marketâs attention.
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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
