Trader’s 5.76 Million NEAR Long Shows More Than $20 Million in Gains

A trader identified as mk4 is holding a long position in 5.76 million NEAR tokens that has generated more than $20 million in unrealized gains, highlighting the scale of the recent move in the cryptocurrency. NEAR reached a new yearly high as the position’s gains surpassed the $20 million mark. A long position benefits when the underlying asset rises, while “unrealized” gains represent profits that have not been locked in through a sale or position close. The position gives the trader substantial exposure to NEAR’s price movements.

Source: TokenPost