Major Investor Shifts Funds as They Swaps Ethereum for Neiro, Takes Significant Loss

A prominent crypto entity that previously earned $145 million from Shiba Inu ($SHIB) has made a notable shift in their investment strategy. The entity recently offloaded their holdings in “Neiro Ethereum” ($NEIROETH) and reinvested heavily in the primary Neiro token on Ethereum, resulting in both realized losses and unrealized profits.

Five hours ago, the investor sold all 17.5 million $NEIROETH for $1.22 million, taking a substantial 55% loss amounting to $1.49 million. This comes after a month of holding the asset, reflecting a decision to cut their losses amid underperformance.

Reinforcement in Neiro: $6.51 Million Total Holding

Despite the loss on $NEIROETH, the investor has doubled down on the original Neiro token. In the last 24 hours, they purchased 841.6 million $NEIRO for $1.45 million, increasing their total holding to 3.85 billion tokens, now valued at $6.51 million. This represents a $2.67 million unrealized profit, marking a 67% gain on the overall investment.

Aside from their heavy Neiro investment, the entity holds other significant positions. They have a $1.13 million unrealized profit (32.6% gain) from their 3.11 million $FET tokens, valued at $4.61 million. However, their second venture into $SHIB has been less fortunate, with an estimated $10 million loss (40% decline) on their remaining 477.5 billion $SHIB tokens, currently valued at $8.41 million.

The entity’s actions reveal a strategic shift, moving away from underperforming assets like $NEIROETH in favor of more promising positions such as $NEIRO. While they have incurred losses, their overall portfolio remains profitable, underscoring the volatility and rapid decision-making required in the cryptocurrency space.