# Near Protocol Drops 3.19% in One Hour to $5.35 as $690,000 Liquidates

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/27844
Published: 2026-10-08T08:13:34.000Z
Updated: 2026-10-08T08:13:34.000Z
Section: Investing

> NEAR remains up 3.76% over 24 hours, while long and short liquidations reached $140,000 and $550,000, respectively.

Near Protocol (NEAR) fell 3.19% in one hour to $5.35 as of 4:12 a.m. ET (08:12 UTC) Oct. 8, extending a sharp short-term decline despite a 3.76% gain over the previous 24 hours.

The token dropped from $5.52 to $5.35 during the hour. The price was measured from Binance’s spot NEAR/USDT market using exchange quotes collected directly by TokenPost.

One-hour NEAR liquidations totaled $690,000. Short positions accounted for $550,000, while long positions accounted for $140,000.

NEAR ranked 20th by market capitalization, at approximately $7.04014 billion, based on the same market-data snapshot.