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Cryptocurrency News Articles
Shiba Inu (SHIB) Whale Scores a New $1.07M Profit Via SHIB Rival Meme Coin Neiro (NEIRO)
Sep 23, 2024 at 11:02 pm
An early investor of Shiba Inu (SHIB), has scored a significant profit via a SHIB rival meme coin. This unrealized profit in just five days by capitalizing on
A crypto investor, who early on realized a substantial profit from Shiba Inu (SHIB) trades, has now scored another impressive gain, this time with a SHIB rival meme coin.
According to SpotOnChain, a platform for on-chain analytics, a well-known Shiba Inu whale's recent investment in Neiro (NEIRO) has resulted in a unrealized profit of $1.07 million in just five days.
On September 18, the SHIB whale swapped 1,003 Ethereum (ETH) for 2.86 billion NEIRO tokens, even though the meme coin had already experienced a 17x price increase. However, this decision has paid off handsomely as Neiro's value continues to surge.
This early SHIB buyer now has a $1.07M (+46%) unrealized profit from $NEIRO in just 5 days as the price keeps rallying!
Overall, the whale is now in the green on 2 of its 4 recent investments. Let’s check out the performance of this whale’s latest investments in $NEIRO, $FET,… https://t.co/fnlVpC35NO pic.twitter.com/yL1Ebgm936
— Spot On Chain (@spotonchain) September 23, 2024
The whale's crypto portfolio currently consists of investments in NEIRO, Fetch.Ai (FET), Neiro on Ethereum (NEIROETH), and SHIB. However, not all trades have been profitable. Two of the whale's recent moves, involving NEIROETH and another SHIB trade, resulted in significant losses totaling $12.68 million.
But a well-timed pivot on August 30 saw the investor exchange their underperforming Shiba Inu holdings for 3.114 million FET. Currently, the FET holdings have yielded an additional unrealized profit of $1.71 million, representing a 49.51% gain.
Overall, this early Shiba Inu investor is now in the green on two of their four recent trades, displaying resilience and strategic trading in the volatile crypto market. At press time, the Neiro meme coin extended its rally with a 44.09% surge, trading at $0.00119 on Monday, September 23, 2024.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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