NEAR Protocol Falls 3.16% in One Hour, Trading at $5.24

NEAR Protocol (NEAR) fell 3.16% in one hour to $5.24 at 5:46 p.m. ET Wednesday (21:46 UTC), marking a sharp pullback despite the token remaining up 1.85% over the previous 24 hours.

The price dropped from $5.41 one hour earlier to $5.24 in Binance spot trading. NEAR ranked 20th by market capitalization at about $7.08931 billion at the time of the move.

Liquidations during the same hour totaled $70,000 for long positions and $20,000 for short positions across Binance, Bybit and OKX. The figures indicate that leveraged long positions accounted for the larger share of forced closures during the decline.