Whale Opens $6.45M 10x Long on NEAR With More on the Way!

A prominent on-chain whale, wallet 0x7be1, has opened a 10x leveraged long position on NEAR Protocol worth $6.45 million — covering 2.34 million NEAR tokens — over the past ten hours. The move signals a high-conviction directional bet on NEAR at current price levels.

Beyond the initial position, the whale has placed limit orders to add another 813,000 NEAR (approximately $2 million) to the long at a price of $2.46, suggesting a strategy of accumulating deeper into any near-term dip. The combination of an active leveraged position and staged limit orders points to a structured, premeditated trade rather than an impulsive entry.

Whale positioning at this scale on a mid-cap layer-1 like NEAR is worth tracking — large leveraged longs can act as a sentiment anchor for retail participants and may attract follow-on momentum if the position moves into profit.