In a strategic move over the past three hours, the entity known as 0x761, an early buyer of SHIB who once profited $145 million, has made significant adjustments in their cryptocurrency portfolio.
Notably, they have swapped their holdings in “Neiro Ethereum” for “First Neiro on Ethereum,” marking a substantial shift in their investment strategy.
Here’s a breakdown of their recent transactions:
Initially, 0x761 sold all 17.5 million units of “Neiro Ethereum” for 1.22 million USDT, realizing a loss of $1.49 million (-55%) after holding the tokens for a month.
In contrast, they purchased 841.6 million units of “First Neiro on Ethereum” for $1.45 million, bringing their total holdings to 3.85 billion NEIRO tokens, currently valued at $6.51 million. This move has resulted in an unrealized profit of $2.67 million (+67%).
The entity that once made $145M from $SHIB is swapping their losing "Neiro Ethereum" for the winning "First Neiro on Ethereum".
5 hours ago, this entity sold all 17.5M #NEIROETH for $1.22M, taking a $1.49M loss (-55%) after a month of holding.
Meanwhile, they further bought… https://t.co/fnlVpC35NO pic.twitter.com/vUhcgPxkqN
— Spot On Chain (@spotonchain) October 8, 2024
$2.7 Million Worth Of SHIB Exchanged For NEIRO Tokens
The whale’s journey with NEIRO tokens began when they initially exchanged $2.7 million worth of SHIB for the 17.5 million Neiro Ethereum tokens. However, missing the peak in mid-September led to a significant loss.
Currently, alongside their NEIRO holdings, 0x761 also holds:
– An unrealized profit of $1.13 million (+32.6%) from holding 3.11 million units of FET, valued at $4.61 million.
– An estimated total loss of $10 million (-40%) from their second SHIB trade, leaving them with 477.511 billion SHIB tokens valued at $8.41 million.
These strategic moves highlight 0x761’s adaptive approach to cryptocurrency trading, leveraging gains and managing losses across different assets. Their recent pivot towards “First Neiro on Ethereum” underscores their confidence in the token’s potential, aiming to capitalize on its performance compared to their earlier holdings. As the cryptocurrency market continues to evolve, observers will be keen to see how these decisions play out in the coming days.
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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