$NEAR's Price Surge Leaves Whales with $25 Million in Unrealized Losses

Two whales holding large short positions on $NEAR have suffered significant losses due to its recent price surge. According to on-chain data, their total unrealized losses reached approximately $25.89 million.

The first whale address, starting with 0xfe7c, held short positions of approximately 4.32 million $NEAR at an average cost of $2.55. As the price increased, its unrealized loss on open positions rose to around $12.44 million. The whale closed some short positions totaling approximately 771,700 $NEAR, recording a realized loss of about $1.77 million as of September 26th.

The second whale address, starting with 0xdd53, held a short position of approximately 4.31 million $NEAR at an average price of $2.31. It has an unrealized loss of around $13.45 million on its $NEAR position. This whale also closed some $ZEC short positions today, resulting in a realized loss of about $238,100.