Major Whale Who Profited $145 Million from Shiba Inu (SHIB) Moves to New Altcoin!

Blenda Rosen
By Blenda Rosen Add a Comment
2 Min Read

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.

Major Whale Who Profited $145 Million from Shiba Inu (SHIB) Moves to New Altcoin! = The Bit Journal

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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Content Editor Hi there! My name is Blenda, and I'm a Personal Finance and Markets Reporter at California/USA Today. I graduated from San Jose State University with degrees in Business Administration and International Business, and I'm a Certified Public Accountant (CPA) in California.My passion is creating personal finance content that resonates with my readers. I know from experience how daunting managing personal finances can be, and I aim to provide actionable advice that people can use to improve their financial situations. Whether it's budgeting, saving, investing, or retirement planning, I'm here to help my readers make informed decisions about their money.
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