Early SHIB Whale Swaps $ETH For $NEIRO Despite Recent Losses

In the past hour, a prominent early SHIB investor made headlines by swapping 1,003 $ETH, worth $2.31 million, for 2.86 billion $NEIRO, even after the meme coin experienced a 17x surge in value.

This whale previously gained a massive $145 million from $SHIB during the 2021/22 bull run. However, two out of their last three trades, including $NEIRO and a subsequent $SHIB trade, haven’t fared as well, leading to losses of $13.48 million.

On the brighter side, the whale executed a smart trade on August 30 by offloading their underperforming $SHIB holdings and acquiring 3.114 million $FET. That trade is now showing an unrealized profit of $715K, a 20.7% gain.

This early SHIB buyer swapped 1,003 $ETH ($2.31M) for 2.86B $NEIRO in the last hour, despite the x17 pump!

Though the whale made $145M from $SHIB in 2021/22, 2 out of its 3 recent trades, including #NEIROETH and the 2nd $SHIB trade, haven’t been as successful, resulting in… https://t.co/Rh1SIhTtN4 pic.twitter.com/LXajvUQM1t

— Spot On Chain (@spotonchain) September 18, 2024

As $NEIRO continues to attract attention, it’s becoming clear that meme coins are still popular among Smart Dex Traders (SDTs). Here’s a breakdown of the top meme coins held by SDTs within the iCrypto ecosystem:

1. $PEPE: $24.49 million
2. $MOG: $12.95 million
3. $NEIRO: $11.27 million
4. $APU: $6.4 million
5. $BOBO: $2.82 million