The last hour saw a major exchange by one of the first $SHIB investors, who traded 1003 $ETH to get 2.86 billion $NEIRO tokens. This exchange is intriguing due to the significant rise of $NEIRO.
Major Deal and Its Meaning
This aggressive trade indicates that $NEIRO’s higher price levels are attractive to investors for the long run and signals a clear shift in approach.
Investment History
According to Spot On Chain, the whale had bought $SHIB during its inception and made around $145 million during the bull run between 2021 and 2022. However, not all of the whale’s recent trades have been successful; the second $SHIB investment and the latest $NEIRO-ETH trade resulted in a $13.48 million loss.
Unexpected Trade Results
Despite the recent dip in $NEIRO and an unrealized loss of $137.54K, the whale diversified their portfolio by selling 3.114 million $FET tokens at the end of August 30. This trade earned an unrealized gain of $715K, which is a 20.7% profit.
The crypto community is closely monitoring the whale's actions to see if this balancing act between risky bets and blue-chip coins will help recover losses or create more volatility in the already unstable altcoin environment.
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