Early Shiba Inu Investor Reaps $1 Million Profit from NEIRO Bet

• Early SHIB whale sees $1.07M profit from NEIRO investment in just five days of holding.
• The whale faces $11.48M loss on SHIB and $1.198M loss on NEIROETH from recent trades.
• FET investment yields $1.712M profit, showcasing a 49.51% return amid other losses.

Data from Spot On Chain revealed that an early Shiba Inu ($SHIB) investor earned over $1.07 million through a sizable investment in NEIRO ($NEIRO). In just five days, the profit reached 46.17% on a $2.31 million NEIRO investment done September 18, 2024.

The investor had swapped 1,003 Ether (ETH) for 2.856 billion NEIRO tokens at an average price of $0.0008 per token. Even after a previous 17x price surge, they took a chance, which seems to be paying off as NEIRO’s price continues to climb.

Mixed Performance in Recent Trades

While the NEIRO investment currently sits in the green, not all of the whale’s recent trades have been as profitable. Their portfolio, which includes other tokens like NEIROETH, Artificial Superintelligence Alliance ($FET), and SHIB, shows a more varied picture.

Read also: Wintermute Buys the Dip: 19M NEIROETH Tokens Added Despite 97% Crash

The whale bought 17.5 million NEIROETH on September 6, 2024, for $2.702 million at an average price of $0.15 per token. This investment, unfortunately, hasn’t performed well, leading to a loss of $1.198 million, or a negative 44.13% ROI. At the time of writing, the NEIROETH tokens are valued at $1.513 million, based on Spot On Chain’s analysis.

In contrast, the whale’s $3.458 million purchase of 3.114 million FET tokens on August 31, 2024, has yielded a gain of $1.712 million, a 49.51% ROI. Fetch.ai’s performance stands out as one of the brighter spots in the whale’s recent portfolio.

Read aslo: Key Opinion Leaders Drive $NEIRO’s Price Surge, Study Finds

SHIB Trade Shows Significant Loss

The whale also made a second SHIB trade on June 5, 2024, buying 968.252 billion tokens for $25.064 million. However, subsequent sales on August 31 and September 6 saw them sell off 491.229 billion SHIB tokens at an average price of $0.0001350, bringing in $6.63 million in sales. This resulted in a substantial loss of $11.484 million, equating to a negative 45.82% ROI.

Despite these setbacks, the whale still owns substantive SHIB, around 477.511 billion tokens worth around $6.962 million. As of the latest analysis, two out of the whale’s four recent investments are in the green. The $1.068 million unrealized profit from NEIRO, along with the $1.712 million gains from FET, contrasts with the $1.198 million loss from NEIROETH and the massive $11.484 million SHIB loss. 

Overall, the whale’s portfolio highlights both the potential rewards and risks associated with large-scale cryptocurrency investments.