Add as a preferred source on GoogleNEAR Protocol Drops 3.4% in One Hour to $5.33, Down 6.94% Daily
The token fell from $5.53 over the hour, while long liquidations reached $680,000 across three major exchanges.
NEAR Protocol (NEAR) fell 3.44% in one hour to $5.33 at 5:44 p.m. ET Monday (21:44 UTC), extending its 24-hour decline to 6.94%.
The token dropped from $5.53 one hour earlier to $5.33, based on the Binance spot NEAR/USDT market. The figures were collected and calculated from public exchange prices at the stated time.
Long liquidations totaled $680,000 across Binance, Bybit and OKX during the same hour, compared with $10,000 in short liquidations. Liquidations occur when exchanges forcibly close leveraged positions after traders can no longer meet margin requirements.
NEAR ranked 20th by market capitalization at approximately $7.20697 billion. No cause for the move was identified.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.