An early buyer of SHIB, identified as the entity linked to wallet 0x761, who previously profited $145 million from SHIB, has recently made a strategic move by selling all their "Neiro Ethereum" (NEIRO) holdings at a loss to purchase more of the "First Neiro on Ethereum."
Here’s a summary of the recent activity over the past three hours:
Sale of NEIRO:
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 a month.
Purchase of NEIRO:
Acquired 841.6 million NEIRO (First Neiro on Ethereum) for $1.45 million, increasing their total holdings to 3.85 billion NEIRO, valued at $6.51 million, with an unrealized profit of $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 $2.7 million from their losing SHIB position. However, they missed the peak price in mid-September and found themselves locked in a loss.
Currently, aside from NEIRO, the whale holds:
An unrealized profit of $1.13 million (+32.6%) from 3.11 million FET (valued at $4.61 million).An estimated total loss of $10 million (-40%) from a second SHIB trade, with 477.511 billion SHIB remaining, valued at approximately $8.41 million.
This trading activity highlights the whale's ongoing strategy to optimize their portfolio amidst fluctuating market conditions.
