Hupzy (Spot On Chain)|Sep 25, 2026 16:00
A Hyperliquid trader known as MK4 is sitting on $๐ญ๐ฑ.๐ต๐ฒ๐ in unrealized profit from a $๐ฎ๐ต.๐ณ๐ NEAR long opened at $2.35 with 10x leverage. The wallet has accumulated $58M in total Hyperliquid PnL over 3 years.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: A directional bet of this size from a trader with a proven eight-figure track record is a meaningful bullish signal for NEAR. The 10x leverage adds fragility โ a roughly 10% adverse move from entry would put the position at liquidation risk, and forced unwinding of a $29.7M position could amplify downside. The entry at $๐ฎ.๐ฏ๐ฑ is a key reference level, and the large unrealized gain creates a psychological overhang if the holder takes profits.
For NEAR, the setup is bullish but fragile: the whale's conviction validates the upside thesis, but the leverage means any sharp reversal could cascade into forced selling. Watch $2.35 as support and monitor the wallet for profit-taking or position adjustments.
https://arkm.com/explorer/address/0x77375a8c9d13bf79afb2a87f1b0ac1dfd5f5bf66
source: arkham
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