Two large traders holding short positions in NEAR faced approximately $25.89 million in combined unrealized losses after the token’s price rose sharply. The address beginning 0xfe7c held about 4.32 million NEAR at an average cost of $2.55, with unrealized losses reaching approximately $12.44 million. By the afternoon of September 26, it had closed short positions totaling about 771,700 NEAR, realizing a loss of approximately $1.77 million. The address beginning 0xdd53 held about 4.31 million NEAR at an average price of $2.31 and had an unrealized loss of approximately $13.45 million. It had closed only about 5,293 NEAR short positions since September 24, leaving most of its position open. The same whale also closed some ZEC short positions, realizing approximately $238,100 in losses while retaining ZEC shorts with unrealized losses of about $9.23 million. This information is not investment advice.