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According to data provided by on-chain data provider Spot On Chain, a significant cryptocurrency whale exchanged 1,003 Ethereum (ETH) 
$1,819, approximately worth $2.31 million, for 2.86 billion First Neiro On Ethereum (NEIRO) on September 18. This move follows a staggering $145 million profit earned from SHIB between 2021 and 2022. However, data indicates that two of the whale’s last three transactions did not go as expected, resulting in substantial losses.
Altcoin Whale Faces Significant Losses
The aforementioned altcoin whale has experienced significant losses from recent trades. The transaction involving NEIRO and ETH, coupled with a second SHIB transaction, led to a total unrealized loss of $13.48 million.
On the other hand, not all trades resulted in losses. On August 30, the crypto whale converted its losing SHIB assets into 3.114 million Fetch.ai (FET) coins, which is currently yielding positive returns.
$715,000 in Unrealized Gains
The whale’s investment in FET represents unrealized gains, showing a 20.7% value increase, equating to $715,000. Despite the unrealized losses from recent SHIB and NEIRO trades, the gains from FET demonstrate that the whale can still make active and conscious investment moves.
In the current scenario, despite the significant losses from SHIB and NEIRO transactions, the FET investment provides the whale with some respite. However, the uncertainty remains about how these strategies will perform in the long run, as both losses and gains are still unrealized amounts.
According to CoinMarketCap data at the time of writing, FET was trading at $1.36, showing a 5.22% increase in the last 24 hours, while SHIB and NEIRO were trading at $0.00001328 and $0.0007977, with respective increases of 0.10% and 114.33% during the same period.
