Shiba Inu Investor Earns 107M in Just Five Days Amidst Neiro Rally

Neiro’s recent price rally leads to notable gains for an early Shiba Inu investor, reflecting varied outcomes in multiple portfolios.
Memecoin sensation
Neiro
(NEIRO) has shown remarkable price growth recently, with its value rising to $0.001215, marking a 4.24% increase in the last 24 hours and an impressive 216.61% jump over the past week.
This rapid appreciation has led to substantial profits for certain traders, especially for one prominent whale who has made crucial gains in just a few days.
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Strategic NEIRO Purchases
According to Spot On Chain, this early investor, known for significant SHIB holdings, has achieved substantial unrealized profits from NEIRO.
The trader accumulated approximately 2.856 billion NEIRO tokens at an average purchase price of $0.0008, totaling a $2.314 million investment.
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The current value of this holding has surged to $3.383 million, representing an unrealized profit of $1.068 million, translating to a 46.17% return on investment within just five days.
The whale’s moves began on September 18, 2024, when substantial token inflows, including one involving 2.8 billion NEIRO, were recorded.
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Diverse Investment Outcomes
The whale’s
portfolio
includes other tokens, such as NEIROETH, FET, and SHIB, with varied outcomes. For instance, a September 6 purchase of 17.500 million NEIROETH tokens at $0.15 each has not fared as well, currently showing a loss.
The investment, totaling $2.702 million, has declined in value to $1.513 million, representing a 44.13% negative return.
On the other hand, the whale’s August 31 acquisition of 3.114 million
FET
tokens has proven successful. Purchased at an average price of $1.11, the FET holding is now valued at $5.201 million, yielding a 49.51% return.
The whale’s transactions in August, particularly the exchange of 255.62 billion SHIB tokens for FET, have also contributed to their overall profitability.
Trading Strategy Shift
The investor’s trading history shows both successes and setbacks, with SHIB transactions particularly highlighting the evolving strategy.
Despite suffering a substantial 45.82%
loss from SHIB
trades since June 2024, recent shifts in the whale’s investments indicate a pivot toward more profitable opportunities.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.