An investor who previously made significant gains from Shiba Inu (SHIB) continues maneuvering in the crypto market despite recent losses.
Whale's Large-Scale Swap: $2M for NEIRO
Among the whale’s recent moves was the exchange of 1,003 Ethereum (ETH) worth $2.31 million for 2.86 billion NEIRO tokens. This occurred during a notable 17x price increase in NEIRO. However, the recent trading results of the investor show mixed outcomes.
Strategy Shift: SHIB-FET Swap
In August, the investor swapped a portion of their SHIB holdings for FET. On August 30, they exchanged 255.62 billion SHIB valued at $3.5 million for 3.114 million FET. This move proved profitable as FET saw a 14% increase in value, resulting in an unrealized profit of $715,000 or 20.7%.
Investor's Portfolio Breakdown
Currently, the largest portion of the investor’s portfolio consists of 4,960 ETH valued at $11.537 million, making up 43% of all holdings. Additionally, they retain 477.511 billion SHIB worth approximately $6.332 million, accounting for 24% of the portfolio. Their FET holdings are valued at $4.235 million, which is 16% of the portfolio. NEIRO and NEIROETH positions valued at $2.279 million and $1.268 million respectively, also make up a significant part of investments.
The continuing strategy shifts of the investor reflect an adaptation to current market conditions. Time will tell if the investments in NEIRO will meet the expectations.
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