# You have to be careful NEIRO the manipulation has begun!
An early buyer of SHIB, identified as the entity linked to wallet 0x761, who previously made a profit of $$ 145 million on SHIB, recently made a strategic move by selling all of his holdings of "Neiro Ethereum" (NEIRO) at a loss to buy more of the "First Neiro on Ethereum".
Here is a summary of recent activity over the past three hours:
NEIRO Sell:
Sold all 17.5 million NEIRO (Neiro Ethereum) for 1.22 million USDT, resulting in a loss of $$ 1.49 million (-55%) after holding for one month.
NEIRO Purchase:
Acquired 841.6 million NEIRO (First Neiro on Ethereum) for US$$ 1.45 million, increasing its total holdings to 3.85 billion NEIRO, valued at US$$ 6.51 million, with an unrealized profit of US$$ 2.67 million (+67%).
Wallet Addresses:
Address 1: 0x9ba831f068ea0bd605071e83377589a6249fba81
Address 2: 0x3fce7b1096bd66accd17d50758e886b15b892068
Notably, the whale initially acquired the 17.5 million Neiro Ethereum by swapping US$ 2.7 million from their losing SHIB position. However, they missed the peak price in mid-September and found themselves trapped in a loss.
Currently, in addition to NEIRO, the whale holds:
A $ 1.13 million (+32.6%) unrealized profit on 3.11 million FET (valued at $ 4.61 million). An estimated total loss of $ 10M (-40%) from a second SHIB trade, with 477.511B SHIB remaining, valued at approximately $ 8.41M.
This trading activity highlights the whale's ongoing strategy to optimize its portfolio amidst fluctuating market conditions.