Early SHIB Whale Investor Does it Again, Netting $1 Million From 2,879% Neiro Surge

Updated: 24 September 2024

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A crypto whale investor known for making a killing on the meme coin titan Shiba Inu has done it again, making an unrealized profit of 46% worth over $1 million in just 5 days trading Neiro.

The whale, who earlier made $145 million by investing in Shiba Inu (SHIB), swapped 1,003 Ethereum, worth around $2.31 million, for 2.856 billion NEIRO tokens on Sept. 18, according to on-chain analytics platform SpotOnChain.

Whale Sitting On $12 Million In Losses From Other Bets

But the whale hasn’t done so well in other recent investments. The investor’s latest bets were in Artificial Superintelligence Alliance (FET), Neiro, Neiro On Ethereum (NEIROETH) and SHIB.

Half of these investments are in the green, according to SpotOnChain.

The whale is currently in the green by more than 49% with its FET investment, making its position in the AI crypto the best performer of the four investments so far.

When it comes to the NEIROETH and SHIB trades, the large holder is sitting on an unrealized loss of 44% in NEIROETH and is more than 45% in the red with the SHIB position.

SHIB makes up the whale’s biggest investment in terms of dollar value. On-chain data shows that the investor allocated more than $6.9 million in the dog-themed token.

Should the whale close its SHIB position now, it will lose more than $11 million. Meanwhile, the investor’s allocation towards NEIROETH has cost them over $1.1 million so far.

NEIRO Soars More Then 2,879% In A Month

NEIRO has been on a tear recently, and has skyrocketed more than 2,879% over the last 30 days. Much of this gain happened in the last fortnight, with the meme coin’s momentum carrying over into the last week as well.

Data from CoinGecko shows that NEIRO has soared 2,888% in the last 2 weeks and 203% over the past 7 days.

Pepe isn’t just breaking chains—he’s making smart moves! 🧠🐸 pic.twitter.com/7cau9pZ3KQ

— Pepe Unchained (@pepe_unchained) September 23, 2024

Another meme coin that is turning heads is the layer-2 token Pepe Unchained (PEPU), which is rapidly approaching $15 million in funds raised in its presale after investors socked more than $1.1 million into the project in the past five days.