SHIB Investor Turns $145M Profit in 2021 and Invest in NEIRO With 1003 ETH
The address 0x761, previously known for profiting from SHIB, has shifted its focus to other tokens, particularly Fetch.AI (FET) and Neiro on ETH, in an attempt to recuperate from recent losses.
In a recent transaction, the whale swapped 1,003 Ethereum (ETH) valued at $2.31 million for 2.86 billion NEIRO tokens during a period when NEIRO experienced a significant 17-fold price increase. Despite this surge, the whale’s recent trading history shows mixed results. While profiting $145 million from Shiba Inu between 2021 and 2022, more recent moves have resulted in substantial losses, with two out of three recent trades leading to a combined loss of $13.48 million, involving SHIB and Neiro on ETH.
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A positive turn occurred in August when the whale swapped a portion of their SHIB holdings for FET. The investor exchanged 255.62 billion SHIB, valued at $3.5 million, for 3.114 million FET, resulting in an unrealized profit of $715,000, or a 20.7% gain, thanks to a 14% rise in FET’s value by August 31. This swap followed a 45.9% loss in the whale’s SHIB holdings since June 2024, resulting in a loss of $11.51 million.
As of now, the whale’s portfolio is diverse, with the largest portion consisting of 4,960 ETH valued at $11.537 million, making up 43% of their holdings. The whale also retains a significant SHIB position, with 477.511 billion SHIB worth approximately $6.332 million, accounting for 24% of the portfolio.
Current Portfolio
Additionally, the whale holds FET valued at $4.235 million, making up 16% of their portfolio. Lastly, their NEIRO and NEIROETH positions, valued at $2.279 million and $1.268 million, respectively, make up a smaller yet notable portion of their overall investments.
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Dr. Olajide Samuel juggles the demands of medical studies with a passion for cryptocurrency. A seasoned blogger, Olajide shares his vast global knowledge of the crypto space, offering insights to enthusiasts. Despite his busy schedule, his commitment to crypto remains strong, and he actively seeks ways to contribute to its future.
