Altcoin
SHIB Trader That Made $145M Swaps Position To NEIRO, More Gains Ahead?
A SHIB trader who made history earning $145 million has once again caused up a stir across the broader market, primarily by switching trade positions. On-chain data on Tuesday revealed that the trader swapped his Neiro Ethereum (NEIROETH) holdings for First Neiro on Ethereum (NEIRO), sparking optimism on the token’s future price movements. Meanwhile, NEIRO price extended intraday gains to nearly 14% today, pouring additional bullish sentiments on the token.
SHIB Trader Sparks Optimism Swapping Holdings To First Neiro On Ethereum
According to on-chain data facilitated by Spotonchain dated October 8, the SHIB trader who made $145 million trading Shiba Inu, a dog-themed meme crypto, is swapping their losing NEIROETH holdings for NEIRO. As per the data, the trader recently sold $1.22 million worth of NEIROETH with a loss of 55% after a month’s holding.
Subsequently, the trader bagged $1.45 million worth of NEIRO over the past 24 hours, bringing total holdings for the token to $6.51 million. The trader currently holds an unrealized profit of more than 67% with this latest accumulation.
In the interim, it’s also worth noting that the same trader has an unrealized profit of over 32%, holding $4.61 million worth of FET. These notable profits underscore experienced trading and profit-making strategies, in turn sparking optimism surrounding NEIRO token’s future price action. Meanwhile, it’s noteworthy that the investor also holds 477.5 billion SHIB, hinting that even Shiba Inu could pump ahead.
Token Price Performance
At press time, NEIRO price soared 16% in the past 24 hours to trade at $0.00168. The token’s weekly gains totaled nearly 50%, whilst the monthly chart showed a 2845% upswing. This indicates that the crypto is currently on a price rally, while the intraday low and high were $0.001395 and $0.001872, respectively. Further, the token’s 24-hour trading volume surged nearly 56% to $1,167,422,114.
Simultaneously, Coinglass data indicated that the coin’s futures OI surged 23.66% to $168.43 million today. Further, even the derivatives volume rocketed 82.74% over the past day to $4.09 billion, underscoring increased investor interest in the asset. Coupled with the price upswing, data indicates that NEIRO is currently on an uptrend.
As mentioned above, the experienced SHIB trader’s massive accumulation ignites further optimism about the future price movements of the token. Additionally, a recent CoinGape Media report revealed that NEIRO boasts strong on-chain activity, adding to bullish market sentiments on future price action.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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