A whale that made a huge profit in Shiba Inu (SHIB) is moving into two different altcoins.
The whale with address 0x761, who made a significant profit from SHIB, sold his Ethereum and bought two different altcoins. The whale's first choice was one of the most popular memecoins of recent times. His other choice was between artificial intelligence-based cryptocurrencies.
The mysterious whale purchased 2.86 billion NEIRO for 1,003 Ethereum (ETH), worth $2.31 million. Interestingly, this exchange took place at a time when NEIRO had increased in price 17 times. Despite this increase, the whale who purchased it seems to have confidence in the popular memecoin.
The whale made $145 million from Shiba Inu in 2021-2022. However, the wallet in question did not perform well in 2 of the last 3 transactions, including NEIRO and the second SHIB transaction, and lost $13.48 million.
On August 30, the whale swapped 255.62 billion $SHIB worth $3.5 million for 3.114 million FET. With $FET rising rapidly, the move netted the whale $715,000.
The majority of the whale’s portfolio currently consists of 4,960 ETH worth $11.537 million, which represents 43% of its assets. 24% of the portfolio consists of 477.511 billion SHIB worth approximately $6.332 million. The whale’s $4.235 million worth of FET represents 16% of its portfolio.
