In a significant development within the cryptocurrency market, an early investor in Shiba Inu ($SHIB) has boasted an unrealized profit of approximately $1.07 million from a recent investment in $NEIRO. This impressive gain represents a 46% increase, according to Spot On Chain. It has been achieved within just five days as the price of $NEIRO continues to rise.
This early SHIB buyer now has a $1.07M (+46%) unrealized profit from $NEIRO in just 5 days as the price keeps rallying!Overall, the whale is now in the green on 2 of its 4 recent investments. Letâs check out the performance of this whaleâs latest investments in $NEIRO, $FET,⊠https://t.co/fnlVpC35NO pic.twitter.com/yL1Ebgm936
â Spot On Chain (@spotonchain) September 23, 2024
Whale Capitalizes on NEIRO Surge but Faces Mixed Results in Recent Trades
On September 18, the investor made a significant move where it exchanged 1,003 Ethereum (ETH) for 2.86 billion $NEIRO. This swap happened at a time when $NEIRO saw its price skyrocket by 17 times, which also shows that the investor knew when to act.
In the past, this investor has also reaped big from investments in SHIB making about $145 million during the market rally of 2021 to 2022. Nevertheless, the recent trading activities have been rather both positive and negative. Among the last four trades one included the NEIRO-ETH swap, while another trade involving SHIB resulted in losses of around $13.48 million.
Investor Turns Loss into Gain by Swapping $SHIB for FET
On the other hand, the investor was wise on August 30 when he sold off his declining SHIB to purchase 3.114 million $FET. This decision has worked in the favor of $FET investment as it currently shows an unrealized gain of $715,000 or 20.7%.
This investorâs recent trading activities, shown by Spot On Chain, paint the picture of how the market is changing and how decisions made should be as well. In the future, the flexibility and the capacity of the trader to adjust the changes that are likely to occur in the market will be vital in defining the success of the investment strategy used in the cryptocurrency market.
