Early SHIB Whale Swaps $NEIROETH for $NEIRO, Makes $2.67M Profit

An early whale trader that had made $145M from $SHIB during Feb 2021- Jun 2022, has now swapped their losing “Neiro Ethereum” for the winning “First Neiro on Ethereum”, and has even made a whopping $2.67 Million unrealized profit in the process.

According to on-chain insights platform, Spot On Chain, “5 hours ago, this entity sold all 17.5M NEIROETH for $1.22M, taking a $1.49M loss (-55%) after a month of holding. Meanwhile, they further bought 841.6M $NEIRO ($1.45M) in the last 24 hours, bringing their total to 3.85B ($6.51M) with a $2.67M unrealized profit (+67%).”

The entity that once made $145M from $SHIB is swapping their losing “Neiro Ethereum” for the winning “First Neiro on Ethereum”.

5 hours ago, this entity sold all 17.5M #NEIROETH for $1.22M, taking a $1.49M loss (-55%) after a month of holding.

Meanwhile, they further bought… https://t.co/fnlVpC35NO pic.twitter.com/vUhcgPxkqN

— Spot On Chain (@spotonchain) October 8, 2024

The platform further wrote that the traders also had a $1.13M unrealized profit (+32.6%) from holding 3.11M $FET ($4.61M) besides NEIRO. The trader, however, had an estimated 40% loss of $10M loss from the 2nd $SHIB trade, with 477.5B $SHIB worth $8.41M still remaining.

Back on 18 September, this trader had initially swapped 1,003 $ETH (worth $2.31M) for 2.86B $NEIRO and had gained a $1.07M  unrealized profit within 5 days of rallying.

In August, the whale had also swapped 255.62B $SHIB worth $3.5M for 3.114M $FET. Spot on Chain wrote in its August post, “Notably, this whale made a $145M (x52) profit from the first trading $SHIB during Feb 2021 – Jun 2022. However, the recent $SHIB trade is not good, it has an unrealized loss of $11.51M (-45.9%) from the second trade since Jun 2024.”

Also Read: NEIRO Surges by 52%; Hits a New All-Time High