Early Shiba Inu Buyer Gains $1.07M from Neiro Rally in Just Five Days

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.

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. 

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 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. 

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.