Market Analysis
NEAR Protocol Experiences Significant Institutional Selling and Shifts Slightly Amid Ongoing Market Volatility
The NEAR Protocol saw its price fluctuate between $2.78 and $3.05 amidst significant institutional trading activity, making a slight recovery before closing at $2.82.
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Summary of Market Activity
NEAR Protocol experienced a trading range between $2.78 and $3.05 over 24 hours as significant institutional selling occurred. Nearly 20 million tokens exchanged owners amidst heavy market activity before the price rebounded slightly to $2.82.
Key Details
- NEAR recorded peak sell volumes of 19.99M and 12.22M tokens, contributing to the price drop to as low as $2.75 before recovering.
- It gained a slight increase of 0.35%, reaching $2.83, while trading within a narrow range of $0.07.
NEAR/USD
“NEAR Protocol drops 7% amid institutional selloff and South Korean exchange deposit suspensions during network upgrade, showing mixed recovery signs at $2.82.”
Market Indicators
- The cryptocurrency’s trading range of $0.26 signifies an 8.53% movement.
- Despite significant selling pressure, established fundamentals are backed by an active user base of approximately 16 million weekly participants.
