An early investor in the Shiba Inu crypto asset has again stolen the spotlight by making substantial profits from its rival Meme coin, Neiro (NEIRO) . The reason is, in just 5 days this clever crypto trader took advantage of the significant price spike in NEIRO, after previously being successful with SHIB trading which generated US$ 145 million between 2021 and 2022.

Reporting from CryptonewsZ.com, on September 18, the investor exchanged 1,003 Ethereum (ETH) worth US$ 2.31 million for US$ 2.86 billion in NEIRO tokens, even though the meme coin had jumped 17 times.

From the monitoring of on-chain analytics platform, SpotOnChain, this strategic move resulted in an unrealized profit of USs 1.07 million. This figure reflects a 46 percent increase as the price of Nero continues to rise.

The investor’s portfolio currently includes holdings in NEIRO, Fetch.Ai (FET), Neiro on Ethereum (NEIROETH) and SHIB. However, not all trades were profitable. The investor also suffered losses from recent investments in NEIROETH and SHIB totaling $12.68 million.

To mitigate the losses, he finally made the right move on August 30. On that date, he swapped his underperforming SHIB holdings for 3.114 million FET. This decision resulted in an additional $1.71 million in unrealized profits, representing a 49.51 percent increase.

As of Monday, NEIRO has extended its surge with a whopping 44.09 percent gain, sitting at $0.00119. This resilience in the volatile crypto market highlights investors’ strategic trading approach as they navigate gains and losses.

Meanwhile, according to coinchapter.com, on September 23, 2024, the price of Shiba Inu was in the range of US$ 0.00001452. This movement is approaching an important support level at US$ 0.0001276. SHIB has formed a bullish falling wedge pattern, indicating a possible increase in price if it can maintain this support level.

In addition, market indicators such as RSI are now showing a positive trend, and CMF is also showing strong capital flows.

Crypto market analyst under the pseudonym Charting Guy, noted a symmetrical triangle pattern forming over the past few months. With the consolidation period almost over, a breakout could take SHIB to price levels not seen since late 2021.

Neiro Rises Drastically After Listing

On the other hand, Neiro has seen a tremendous surge, with a 260 percent increase in one week after being listed on Binance . At the time of writing, the price of Neiro has reached US$ 0.00116, which is a significant increase and has attracted the attention of many investors.

In the past 24 hours, NEIRO's trading volume reached 442 million. This makes the meme coin the most favorite among investors, beating Dogwifhat (WIF).

In addition, whales also came, such as @BitCloutCat who spent $1.3 million to buy 4.67 billion NEIRO tokens. In addition, there is an inspiring story from an anonymous trader who managed to turn a $16,500 investment into $1.8 million.$BTC