Lookonchain
Trader 0x30af opened a 10x long on 5.14 million NEAR worth $18.95 million two weeks ago and now holds an $8.9 million unrealized profit.
Why it matters
The trade is a concentrated leveraged bet on NEAR. Its reported gain remains on paper, meaning the position is still exposed to price movements and the risks that come with 10x leverage.
Market impact
For NEAR watchers, the position offers a visible on-chain example of how quickly leverage can amplify returns in a crypto market. The key figures to track are whether the trader keeps the long open and whether the unrealized profit is realized or reverses as NEAR moves.
Source: [HypurrScan Beta](https://hypurrscan.io/address/0x30afce2f6842bf183c7e3fe7162e279ff0b6393e#perps)
Frequently asked questions
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How large is trader 0x30af’s NEAR position?
The trader opened a long covering 5.14 million NEAR, with the position valued at $18.95 million when opened.
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What leverage does the trader use?
The position is a 10x leveraged long on NEAR.
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How much profit has the NEAR trade generated?
The position currently carries an $8.9 million unrealized profit.
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When did trader 0x30af open the position?
The 10x NEAR long was opened two weeks before the reported profit update.
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Is the $8.9 million gain realized?
No. The $8.9 million figure is an unrealized profit, so it remains exposed to NEAR price movements and leverage risk.
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