A seasoned Shiba Inu (SHIB) trader, known for making $145 million in profits, has shifted focus to First Neiro on Ethereum (NEIRO), fueling optimism about the token’s price trajectory. According to on-chain data from October 8, the trader swapped their Neiro Ethereum (NEIROETH) holdings, which had incurred a 55% loss, for NEIRO, acquiring $1.45 million worth of the token. This brought their total NEIRO holdings to $6.51 million, with unrealized profits exceeding 67%.
The NEIRO token has seen a price rally, increasing 16% in the last 24 hours to $0.00168, with weekly gains of nearly 50% and a 2845% rise over the month. The token’s 24-hour trading volume surged 56% to over $1.16 billion, and futures open interest rose by 23.66%. This shift in the trader’s strategy has sparked renewed bullish sentiment around NEIRO’s future price movements, further boosted by strong on-chain activity.
Meanwhile, the trader also holds significant SHIB and FET positions, suggesting possible gains in these tokens as well. SHIB, however, traded down 4% over the past day.
