An Investor Who Profited US$145 Million from Shiba Inu (SHIB) Has Now Shifted Focus to NEIRO and FET Tokens

This investor, who managed to make a profit of 145 million US Dollars (around Rp. 2.2 trillion) from SHIB transactions between February 2021 to June 2022

A major investor, who is known for his initial investment in Shiba Inu (SHIB), has now shifted his focus to two rising tokens, NEIRO and FET. The investor, who managed to book a profit of 145 million US Dollars (around Rp 2.2 trillion) from SHIB transactions between February 2021 to June 2022, recently started selling his SHIB holdings to accumulate NEIRO and FET.

Now, according to Cointurk, the experienced investor shifted his assets from Shiba Inu to NEIRO and FET tokens, as per data from Spot On Chain. The investor went on to sell a part of his Shiba coin and bought 2.86 billion NEIRO after the meme coin rose 17 times in value and clocked a 17,000% gain from his initial investment. Moreover, the investor also accumulated around 3.114 million FET coins, which showed an increase in value of about 20.7%.

This investment shift is driven by the latest performances of NEIRO and FET, which offer unique prospects. NEIRO managed to grab investor attention due to a massive increase in trading volume and rapid adoption on major crypto exchanges like Binance and KuCoin. The integration of this coin into a well-known trading platform soon after its launch pushed the price up to 115%, making it even more visible in the market.

Also Read: SHIB Price Surges 8% as Investors Shift Focus to Upcoming Shibarium Launch

On the other hand, the FET attracts interest due to its artificial intelligence (AI)-focused technology base. The FET provides automated solutions and decentralized algorithms, which are considered to have great potential amid growing AI adoption in various industries.

Despite the investor shifting away from SHIB, an upcoming development like liquid staking in the Shibarium network is expected to be able to increase the value of SHIB. This feature allows users to stake their coins while maintaining liquidity, which has the potential to increase token prices.

The Shiba Inu community has also stepped up efforts to ‘token burn’, which aims to reduce SHIB’s supply in the market. This move could potentially drive prices up to 36%, although the combustion volume is still relatively low. The combination of supply reductions and increased features provides a positive outlook for future SHIB prices.

The price of Shiba Inu was at 0.00001436 US Dollars (approximately Rp0.22), up about 8% in the past week. NEIRO experienced a price spike of up to 41% in the last 24 hours, while the FET recorded a 5% increase in the same period.

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