Hyperliquid Holds $29.7M NEAR Long with 10x Leverage

A Hyperliquid address, MK4, holds a substantial long position in NEAR Protocol (NEAR) tokens. The position has been leveraged 10 times, resulting in a notional value of $29.7 million. According to the data, this is one of the largest long positions held by the address.

The entry price for the NEAR long was approximately $2.35, and as of September 25th, the position has generated nearly $16 million in unrealized profit. This means that if the investor were to close the position immediately, they would realize a significant gain.

Over the past three years, the MK4 address has accumulated around $58 million in cumulative profits. While this is an impressive figure, it's essential to remember that past performance is not a reliable indicator of future results.