NEAR has “created wealth” again.
I didn’t look at the list first—I looked at the price: it’s now about $3.60, down 5.34% over the past 24 hours.
Two days ago, what people were talking about was a 29.6% gain over 24 hours, and a 49.6% gain over two days. By the time the story spread, the latest segment had already flipped to a decline.
On Hyperliquid, there are more than seven longs, with each coin’s unrealized profit exceeding $1 million, totaling about $23.107 million. These are real numbers, but they’re also the figures on the books of people who positioned early.
For ordinary people, the only takeaway is this: when you see the “wealth creation” hype and jump in, you often end up buying at the point when other people’s profits are at their highest.