A significant whale, known for early investments in Shiba Inu (SHIB), has recently caught attention with a bold move into another altcoin. Onchain data reveals this whale has shifted a portion of their portfolio into NEIRO, making impressive gains in just a few days.
Early Shiba Inu Whale Profits Big with NEIRO
According to blockchain data, the early SHIB whale purchased $2.31 million worth of NEIRO just five days ago. Incredibly, the whale has already seen a return of $1.07 million—an impressive 46% gain in under a week. This move signals continued interest in emerging altcoins, especially from large investors.
Recent Investments Yield Mixed Results
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This whale’s recent investments are showing mixed results, with two out of four positions currently in the green. Aside from NEIRO, the whale is also holding FET, which has yielded a 49% profit since an investment made on August 31, 2024. However, not all trades have been as successful—an additional SHIB trade led to a $11.48 million loss, equivalent to a 45% drop.
Historic Shiba Inu Gains Still Towering
This whale made headlines during the 2021/2022 bull market by earning $145 million from Shiba Inu trades. Despite SHIB’s diminished performance in the current memecoin market, it remains the second-largest memecoin by market cap.
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