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NEAR Protocol price falls below $4 amid broad crypto sell-off and token issuance cut proposal.

Market News
03 Nov 2026, 11:02 WIB
Crypto news
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Bearish
NEAR Protocol price falls below $4 amid broad crypto sell-off and token issuance cut proposal.

NEAR Protocol's price dropped 9% to $3.75 on November 3, extending weekly losses to over 14% amid selling pressure on AI-related cryptocurrencies and the broader market. The decline follows a proposal approved by NEAR's House of Stake to reduce annual token issuance from 2.5% to 1.6% over 24 months, which could lower staking rewards once fully implemented. Analysts are watching support levels between $3.50 and $3.70, with technical indicators showing weak momentum. The drop reflects broader market caution after recent events like the Binance security breach and upcoming U.S. midterm elections.

NEAR Protocol trades at Rp68.900 on Pluang as of Nov 03, 2026 16:21 WIB, down 7.79% in one day, showing a sharp drop consistent with the news. This decline contrasts with a nearly balanced Pluang order activity of 49% sell and 51% buy, suggesting mixed investor sentiment. The typical hold time of 51 days indicates that many investors are holding through volatility rather than reacting immediately.

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