Whale mk4 Opens High-Leverage Long on NEAR, Position Return Reaches 1,320%
A well-known OG whale identified as mk4 has opened a leveraged long position on NEAR, with the position's return reaching about 1,320%. According to BlockBeats On-chain Detection, the address 0x7737 currently holds about 5.839 million NEAR long contracts on Hyperliquid, using 10x leverage.The position was opened on September 6, before NEAR began its latest accelerated rally on September 16, and has been held since then. The average entry price is about $2.35, while NEAR has risen to around $5.46, leaving the position with unrealized gains of about $18.16 million.