Shiba

Million

Yield

Shiba Inu

Gains

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. 
<h2 id="early-shiba-inu-whale-profits-big-with-neiro">Early Shiba Inu Whale Profits Big with NEIRO</h2> 
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. 
<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-46208" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/09/featuring-a-minimalistic-whale-swimming-in-a-bright-and-colorful-digital-ocean.-The-focus-is-on-the-whale-with-c.webp" alt="Major Whale Who Profited $145 Million from Shiba Inu (SHIB) Moves to New Altcoin! = The Bit Journal" width="1792" height="1024" title="Major Whale Who Profited $145 Million from Shiba Inu (SHIB) Moves to New Altcoin! 21"> 
<h2 id="recent-investments-yield-mixed-results">Recent Investments Yield Mixed Results</h2> 
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. 
<h2 id="historic-shiba-inu-gains-still-towering">Historic Shiba Inu Gains Still Towering</h2> 
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. 
<ul> 
 <li><a href="https://twitter.com/Thebitjournal_" target="_blank" rel="noopener nofollow">https://twitter.com/Thebitjournal_</a></li> 
 <li><a href="https://www.linkedin.com/company/the-bit-journal/" target="_blank" rel="noopener nofollow">https://www.linkedin.com/company/the-bit-journal/</a></li> 
 <li><a href="https://t.me/thebitjournal" target="_blank" rel="noopener nofollow">https://t.me/thebitjournal</a></li> 
</ul> 
Follow us on Twitter and LinkedIn and join our Telegram channel to be instantly informed about&nbsp;breaking&nbsp;news!

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

Table of Contents

The Bit Journal

Other articles published on Sep 24, 2024

Hong Kong Broadens Digital Currency Initiative to 21 Top Financial Firms

Analytics Company Provides Technical Analysis for Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) ...

Coinpedia Fintech News

Sui Network Surpasses Avalanche in TVL, Reaches $1 Billion in DeFi Ecosystem

BRICS Nations Forge Ahead with Decoupling from the Dollar in Trade

Lucerne Cantonal Bank Launches Bitcoin and Ethereum Services

Join our free newsletter for daily crypto updates!