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An early SHIB whale makes $1.07M in profit after just five days from NEIRO investments.
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Recent trades have resulted in a loss of $11.48M on SHIB, and $1.198M on NEIROETH.
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Despite other losses, FET investment returns $1.712M in profit. This is a 49.51 % return.
Spot On Chain data revealed that a Shiba Inu ($SHIB), an early Shiba Inu investor, earned over $1.07m through a large investment in NEIRO. In just five days, a $2.31m NEIRO investment made on September 18, 2024 yielded a profit of 46.17%.
The investor exchanged 1,003 Ether tokens (ETH) at an average price per token of $0.0008 for 2.856 Billion NEIRO tokens. They took a risk, even after a previous 17x surge in price. It seems to be paying off, as NEIRO’s price continues to rise.
Mixed performance in Recent Trades
The whale’s recent trading has not been as profitable, even though the NEIRO investment is currently in the black. Their portfolio, which also includes tokens such as NEIROETH ($FET), Artificial Superintelligence Alliance (ASIA) and SHIB, presents a more diverse picture.
Read Also: Wintermute Buys The Dip: 19M Tokens Added Despite a 97% Crash
The whale purchased 17.5 million NEIROETH at an average price per token of $0.15 on September 6, 2024 for $2.702 millions. Unfortunately, this investment hasn’t done well. It resulted in a loss of $1.1 million or a negative ROI of 44.13%. Spot On Chain estimates that the NEIROETH tokens are worth $1.513m at the time of writing.
The whale’s purchase of 3,114 million FET tokens for $3.458 million on August 31, 2024 has resulted in a profit of $1.712, or a 49.51 percent ROI. Fetch.ai is one of the brightest spots in the whale’s recent portfolio.
Read aslo: Key opinion leaders drive $NEIRO’s price surge, study finds
SHIB Tradeshows Significant Loss
The whale made a second SHIB transaction on June 5, 2024. He bought 968.252 trillion tokens for $25.064. The whale sold 491.229 billion SHIB tokens on August 31 and Sept. 6 at an average price $0.0001350. This brought in $6.63million in sales. This resulted a loss of $11.484, or a negative ROI of 45.82%.
Despite these setbacks the whale still has substantial SHIB, approximately 477.511 billion tokens valued at around $6.962 millions. According to the latest analysis, the whale has made two of its four recent investments in the black. The $1.068 unrealized profit of NEIRO along with the $1.712 gains from FET contrasts with $1.198 loss from NEIROETH, and the massive loss of $11.484 from SHIB.
The portfolio of the whale highlights both the rewards and risks associated large-scale cryptocurrency investment.
