Markets· ★★· bullish·

CoreWeave-linked contract OI drops 71% as NEAR whale redeploys $100M into crypto

  • —CRWV-linked contract open interest fell over 71% after Hwang In-shin's remarks
  • —A whale account earned more than $29 million trading NEAR
  • —The account moved $100 million of exposure from US equities into crypto
  • —Hwang said CoreWeave does not need Nvidia's financial backing
Why it matters: Capital rotating out of AI-linked equities into crypto could support demand for NEAR and other assets.
#NEAR
Source: TokenPost
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