In the past hour, a prominent early SHIB investor made headlines by swapping 1,003 $ETH, worth $2.31 million, for 2.86 billion $NEIRO, even after the meme coin experienced a 17x surge in value.
This whale previously gained a massive $145 million from $SHIB during the 2021/22 bull run. However, two out of their last three trades, including $NEIRO and a subsequent $SHIB trade, haven’t fared as well, leading to losses of $13.48 million.
On the brighter side, the whale executed a smart trade on August 30 by offloading their underperforming $SHIB holdings and acquiring 3.114 million $FET. That trade is now showing an unrealized profit of $715K, a 20.7% gain.
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, haven’t been as successful, resulting in… https://t.co/Rh1SIhTtN4 pic.twitter.com/LXajvUQM1t
— Spot On Chain (@spotonchain) September 18, 2024
As $NEIRO continues to attract attention, it’s becoming clear that meme coins are still popular among Smart Dex Traders (SDTs). Here’s a breakdown of the top meme coins held by SDTs within the iCrypto ecosystem:
1. $PEPE: $24.49 million 2. $MOG: $12.95 million 3. $NEIRO: $11.27 million 4. $APU: $6.4 million 5. $BOBO: $2.82 million
💬 Which Memes Are Currently Most Held by Smart Dex Traders (SDTs)?
👀 $NEIRO is a meme that has been gaining attention in recent days. Let’s take a look at which memes that SDTs of iCrypto are holding the most:
1. $PEPE: $24.49M2. $MOG: $12.95M3. $NEIRO: $11.27M4. $APU:… pic.twitter.com/pSQv8uVzyq
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) September 18, 2024
With $NEIRO rapidly gaining momentum, it seems to be solidifying its place among the top meme tokens favored by SDTs. Whether this whale’s latest move will pay off remains to be seen, but their continued interest in meme coins indicates that there’s still significant potential in this volatile segment of the market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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