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NEAR Protocol Drops 5.64% in Four Hours, Reaching $4.94

The token was down 2.16% over 24 hours, while $810,000 in long positions were liquidated during the same hour.

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Metallic token beside a sharply descending market line / TokenPost.ai
Metallic token beside a sharply descending market line / TokenPost.ai

NEAR Protocol (NEAR) fell 5.64% in four hours to $4.94 at 9:43 a.m. ET (13:43 UTC) on Oct. 8, based on TokenPost’s direct collection of Binance spot NEAR/USDT prices.

The token dropped from $5.24 four hours earlier to $4.94. NEAR was down 2.16% over the previous 24 hours. Its market capitalization was approximately $6.6076 billion, ranking it 21st among crypto assets.

Long liquidations totaled $810,000 across Binance, Bybit and OKX during the same hour, while short liquidations totaled $10,000. The figures indicate that long positions accounted for most of the reported liquidations during the price decline.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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