Trader's NEAR long position exceeds $20M in profit

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A trader known as mk4_lul has accumulated over $20 million in unrealized gains from a NEAR long position on Hyperliquid, according to on-chain data. The position, opened in September at $2.35, now holds 5.76 million NEAR as the token’s price rose to $5.85. On-chain analysis shows the price surged more than 145% in one month, fueled by strong market momentum.

According to Ember Data, as NEAR rose over 145% within a month, trader mk4_lul’s unrealized profit on their NEAR long position on Hyperliquid has exceeded $20 million. The trader opened a long position on 5.76 million NEAR at an average price of $2.35 in September, and NEAR is currently trading at approximately $5.85.

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