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

 
Ritu Lavania
Written By 
Ritu Lavania
October 8, 2024

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 platform further wrote that the traders also had a $1.13M unrealized profit (+32.6%) from holding 3.11M $FET (worth nearly $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 gained 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.”

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Ritu Lavania
Written by Ritu Lavania

Ritu Lavania is a versatile Web3 content creator with over three years of experience in the crypto space. She is part of the team at CryptoNewsZ, where she writes insightful and engaging content. She has also contributed to TheCryptoTimes and The Coin Edition, where her work has been well received by the crypto community. Skilled in research, creative writing, SEO, and cross-functional collaboration, she creates content tailored to diverse audiences. ionate about education, she dedicates time to teaching kids and expressing herself through poetry. Always eager to learn, she continuously explores new trends in blockchain and digital assets. She believes in the power of storytelling to make complex crypto topics more accessible and engaging for readers worldwide.