Near Protocol Trader Holds $8.9M Unrealized Profit on 10x Leverage Long

A single trader has recorded an unrealized profit of $8.9 million by buying 5.14 million NEAR tokens with 10x leverage, according to Lookonchain data from October 18. The position, opened two weeks prior, was valued at $18.95 million as of the tracking date. The trader executed a long position on NEAR using 10x leverage without specifying direction. The $8.9 million figure represents unrealized profit, meaning it is not yet locked in upon liquidation but could fluctuate until the position is closed.