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.

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

With $NEIRO rapidly gaining momentum, it seems to be solidifying its place among the top meme tokens favored by SDTs. Whether this whale’s latest move will pay off remains to be seen, but their continued interest in meme coins indicates that there’s still significant potential in this volatile segment of the market.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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