A legendary Shiba Inu whale has spent 1000 ETH on First Neiro on Ethereum, totaling over $2 million at the time of investment.
The trader became famous for profiting $144 million on SHIB in 2021 and 2022.
SHIB Whale Nets $1M Profit in 1 Week On NEIRO
There’s no doubt the trader hopes for a Shiba Inu rerun with his First Neiro on Ethereum investment.
The Shiba Inu whale, who famously walked away from last cycle’s bull run with nine figures thanks to SHIB, is eyeing ulterior investments to maximize gains in the forthcoming bull market.
Per data from Spot On Chain, the deep-pocketed trader has recently invested in FET, First Neiro on Ethereum, and Neiro Ethereum.
The trader’s FET holdings are valued at $5.29 million today, while his First Neiro on Ethereum holdings are worth $3.415 million.
That works out at a near-$1.3 million unrealized gain on NEIRO in less than one week.
Spot On Chain has been closely tracking the wallet for a while.
It revealed that the wallet reinvested in Shiba Inu earlier this year but is losing money.
As such, the trader has sought out newer meme coins that could outperform SHIB.
At the time of his NEIRO investment, he was stomaching a hefty $13.48 million loss on SHIB. It was time for a change in approach.
This reflects the importance of staying current with trends and developments in the fast-paced meme coin domain.
First Neiro on Ethereum has provided over a 3,000% return in the past month, while Shiba Inu is down 2.59%.
Adapt or fall behind. That’s the dog-eat-dog nature of the meme coin sector.
With that in mind, traders must closely follow what’s happening.
Currently, one of the big news breaks is the swelling success of Pepe Unchained, a new presale raising funds to build the first meme coin-centered Ethereum layer 2 blockchain.
Pepe Unchained Raises $14.9M As Analyst Predicts Strong Gains On IEO
As the meme coin sector develops, Pepe Unchained is one token that might generate similar success to First Neiro on Ethereum.
The project offers a distinctive outlook compared to other meme coins on the market, being the first with its own blockchain.
And it’s no joke. The ‘Pepe Chain’ will be cheaper and 100x faster than Ethereum and offers features like staking, an Ethereum bridge, a block explorer, a decentralized exchange, and more.
The Pepe Unchained team has announced upcoming grants to incentivize development on its blockchain. This will expedite ecosystem growth, which could attract more users and potentially boost the $PEPU price.
While most meme coins compete on which has the cutest or funniest meme, Pepe Unchained contributes real value to the crypto industry (while retaining a light-hearted meme coin allure).
Market participants are highly interested – not only retail investors but smart money traders, too.
ClayBro told his 130K YouTube subscribers that he is bullish on Pepe Unchained, citing that whales are investing.
He spotlighted one trader who invested $59K and said, “This could make him $1 million.”
Moreover, Pepe Unchained presale is available at a discount.
The current price is $0.00984, but this will rise in one day.
