Near Protocol Drops 3.33% in One Hour to $5.29 in Trading

Near Protocol (NEAR) fell 3.33% in one hour to $5.29 as of 3:53 a.m. ET (07:53 UTC) Oct. 1, extending a sharp short-term decline despite remaining higher over the past 24 hours.

The token dropped from $5.47 one hour earlier to $5.29 on Binance’s NEAR/USDT spot market. NEAR was still up 4.15% from its level 24 hours earlier.

Long liquidations totaled $150,000 during the same hour across Binance, Bybit and OKX, while short liquidations reached $20,000. The asset’s market capitalization was about $6.94659 billion.