SHIB Trader Converts $145 Million Positions to NEIRO, Will There Be More Gains in the Future
A SHIB trader who made $145 million in history is once again making a splash in the broader market, mostly by converting trading positions. On-chain data on Tuesday showed that the trader swapped his Neiro Ethereum (NEIROETH) holdings for First Neiro On Ethereum (NEIRO), sparking optimism about the future price action of the token. Meanwhile, NEIRO price intraday gains extended to nearly 14%, sparking additional bullish market sentiment around the token.
$SHIB Trader Converts Holdings to First $NEIRO on Ethereum, Sparking Optimism
According to on-chain data from Oct. 8 provided by Spotonchain, the SHIB trader who made $145 million by trading the dog-themed meme cryptocurrency Shiba Inu is swapping their lost NEIROETH assets for NEIRO. According to the data, the trader recently sold $1.22 million worth of NEIROETH, which represents a 55% loss after holding it for a month.
Subsequently, the trader has received $1.45 million worth of NEIRO in the past 24 hours, bringing the total holdings of the token to $6.51 million. The trader currently holds over 67% in unrealized profits.
During this period, it is worth noting that the same trader holds $4.61 million worth of FET, representing an unrealized profit of over 32%. These significant profits highlight experienced trading and profitable strategies, which in turn spark optimism about the future price trend of the NEIRO token. At the same time, it is worth noting that the investor also holds 477.5 billion SHIB, worth $8.41 million, suggesting that even Shiba Inu may continue to invest.
