A well-known investor, who made significant early investments in Shiba Inu (SHIB), has recently diversified their portfolio by purchasing $2.31 million worth of NEIRO. This strategic move has already resulted in a remarkable 46% return, generating $1.07 million in just five days. This highlights the continued interest in emerging altcoins among large-scale investors.

The investor's recent investment strategy has had mixed results, with two out of four positions currently profitable. The gains from NEIRO and a 49% profit from FET, bought on August 31, 2024, are particularly noteworthy. However, not all trades have been successful, as a recent SHIB transaction led to a significant loss of $11.48 million, reflecting a 45% decline. Despite the challenges faced by SHIB in the memecoin market, it remains the second-largest memecoin by market capitalization, which demonstrates its historical performance.

The investor gained attention during the 2021/2022 bull market by earning $145 million from Shiba Inu trades, highlighting the volatility and potential of the cryptocurrency landscape.