SHIB Trader That Made $145M Swaps Position To NEIRO, More Gains Ahead?

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As a seasoned crypto investor who has made history by turning $145 million from Shiba Inu trading, I can’t help but feel a sense of intrigue and optimism whenever I see such strategic moves being made in the market. The recent swap of holdings from NEIROETH to NEIRO by this renowned trader has indeed caused a stir, and for good reason.

A trader known for amassing $145 million through trading SHIB has stirred up excitement in the wider market once more, this time by changing his trade positions. On-chain data from yesterday indicates that the trader exchanged his Neiro Ethereum (NEIROETH) holdings for First Neiro on Ethereum (NEIRO), leading to increased optimism about the token’s potential price fluctuations. Simultaneously, the NEIRO price surged by approximately 14% today, further boosting positive sentiment towards the token.

SHIB Trader Sparks Optimism Swapping Holdings To First Neiro On Ethereum

Based on Spotonchain’s on-chain data from October 8, it appears that the Shiba Inu trader who amassed $145 million is now exchanging their unprofitable Neiroeth holdings for Neiro. The data shows that this trader recently sold approximately $1.22 million worth of Neiroeth, incurring a loss of 55% after holding it for a month.

Over the last day, the trader amassed approximately $1.45 million in NEIRO tokens, which now totals $6.51 million held. This recent acquisition has increased their unrealized profit to over 67%.

For now, let’s mention that the same trader is currently sitting on a profit of more than 32% or $4.61 million from their FET holdings. This substantial profit indicates skilled trading and profitable strategies, boosting enthusiasm about the potential price movement of the NEIRO token. Furthermore, it’s interesting to note that this investor also possesses 477.5 billion SHIB coins, suggesting a possible surge in the value of Shiba Inu as well.

Token Price Performance

As of now, NEIRO‘s price has climbed by 16% within the last 24 hours, reaching a value of $0.00168. Over the past week, its gains have amounted to almost 50%. Moreover, on a monthly scale, there has been a significant increase of 2845%. This suggests that NEIRO is currently experiencing a price surge. The lowest and highest prices during the day were $0.001395 and $0.001872 respectively. Additionally, its 24-hour trading volume has significantly risen by approximately 56% to reach $1,167,422,114.

Today, information from Coinglass revealed a significant jump in the coin’s futures open interest (OI), increasing by 23.66% to reach $168.43 million. Moreover, the derivatives volume experienced a substantial surge of 82.74%, amounting to $4.09 billion over the previous day. This rise suggests heightened investor enthusiasm for the asset. Alongside the price rise, this data suggests that NEIRO is currently experiencing an upward trend.

Previously stated, the significant buildup of SHIB tokens by skilled traders has fueled more enthusiasm about potential increases in the token’s price. Furthermore, a recent report from CoinGape Media indicates that NEIRO has robust on-chain activity, contributing to positive feelings among investors regarding future price trends.

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2024-10-08 10:46