A large leveraged NEAR position linked to veteran whale mk4 has posted outsized gains on Hyperliquid, according to TradingBeats monitoring cited by BlockBeats on Oct. 8. The address, 0x7737, is currently holding a long position of about 5.839 million NEAR, with the position valued at roughly $31.9 million.
The trade uses 10x leverage and was opened at an average entry price of about $2.35. Based on the latest figures in the report, the position is showing an unrealized profit of around $18.16 million, with a return on position of about 1320%.
TradingBeats said the position was opened on Sept. 6, ahead of NEAR’s accelerated move higher that began on Sept. 16, and has been kept open since then. NEAR was trading at about $5.46 at the time of the update, roughly 132% above the whale’s average entry price. The report identifies mk4 as a well-known OG whale and points to the trade as one of the more striking high-leverage directional bets currently visible on Hyperliquid.
BlockBeats reported on Oct. 8, citing TradingBeats monitoring, that veteran whale mk4, through address 0x7737, is currently holding a NEAR long of about 5.839 million tokens on Hyperliquid, with the position valued at roughly $31.9 million.
The position uses 10x leverage. Its average entry price is about $2.35, while unrealized profit stands at around $18.16 million, putting the return on the position at about 1320%.
According to the report, the trade was opened on Sept. 6, ahead of NEAR’s latest accelerated upswing that began on Sept. 16, and it has remained open since then. NEAR was quoted at about $5.46, roughly 132% above the average entry price of the position.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
