Whale Reaps Profits from Strategic Shift to This Altcoin After Major Loss

In a significant move within the crypto space, a prominent whale has made headlines due to recent trading decisions.

Over the past month, the First Neiro token on Ethereum (NEIRO) has skyrocketed by an astonishing 2,779%, prompting a notable crypto whale—previously successful with Shiba Inu (SHIB)—to pivot their investments.

Initially, this whale invested heavily in Neiro Ethereum (NEIROETH) but faced substantial losses, leading them to divest and reallocate funds into NEIRO, which has been outperforming its counterpart. This strategic shift underscores changing market dynamics and highlights the whale’s adaptability in a volatile landscape.

After holding 17.5 million NEIROETH, the whale realized a 55% loss amounting to $1.49 million. In response, they purchased 841.6 million NEIRO for $1.45 million, increasing their total holdings to 3.85 billion tokens valued at $6.51 million. This maneuver has positioned them to potentially realize $2.67 million in unrealized gains, reflecting a notable 67% increase.

READ MORE:

Centralized Exchanges Undertake Massive Delisting of Privacy Tokens

NEIRO’s rise can be attributed to its recent Binance listing, which has boosted its profile compared to NEIROETH, whose value has dwindled. With trading volume surpassing $1 billion for the first time, investor interest is clearly growing. NEIRO’s price of $0.0017 represents a 16.67% increase within the last day, suggesting potential for further upward movement if volume trends continue.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.