Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

NEAR Protocol jumps 54% in a week amid short squeeze and AI sector interest

Market News
24 May 2026
Bitcoin
View Source
Bullish
pluang ai news

NEAR Protocol surged about 54% over the past week, driven by a short squeeze, growing interest in AI-related blockchain projects, and its chain abstraction technology. Short sellers faced heavy liquidations, forcing buybacks that accelerated the price rise. NEAR positions itself as a blockchain for AI applications and recently integrated with Cow Swap, boosting cross-chain liquidity routing. The upcoming Dynamic Resharding upgrade in June 2026 aims to improve scalability, which will be crucial for sustaining momentum and attracting enterprise developers. Despite strong gains, risks remain from high leveraged positions and the need for real usage growth to support the price.

More News (NEAR)

Crypto market rebounds on peace deal news, but altcoin season remains distant as Bitcoin leads.

Crypto market rebounds on peace deal news, but altcoin season remains distant as Bitcoin leads.

The global cryptocurrency market rebounded after US President Trump's announcement of a largely negotiated peace deal with Iran, easing geopolitical tensions. Bitcoin surged above $75,000, driving the market's bullish momentum, while altcoins outperf...

Market News
Bullish
5 hours ago
TAO trades at a 5x premium over NEAR despite lower fees; TAO ETF filings could boost institutional interest.

TAO trades at a 5x premium over NEAR despite lower fees; TAO ETF filings could boost institutional interest.

TAO and NEAR both have market caps near $3 billion but differ significantly in economic fundamentals. NEAR generates 7.6 times more daily app fees and has a deeper DeFi ecosystem with $183 million in total value locked and 37 active protocols. TAO, d...

Protocol Fundamentals
Neutral
9 hours ago
Infinit jumps nearly 10% on Upbit with 500% volume surge, leading altcoin sentiment in Korea.

Infinit jumps nearly 10% on Upbit with 500% volume surge, leading altcoin sentiment in Korea.

Infinit (IN) surged nearly 10% on Upbit with a 500% spike in trading volume, reaching about 53.49 billion won in 24-hour turnover. This surge placed Infinit at the top of Upbit's investor sentiment rankings with an 'extreme greed' score of 97, signal...

Market News
Bullish
9 hours ago
NEAR Protocol jumps 50% in a week, leading AI token surge with $1B+ trading volume.

NEAR Protocol jumps 50% in a week, leading AI token surge with $1B+ trading volume.

NEAR Protocol's token surged about 50% in seven days, reaching a six-month high of $2.34 amid a broader rally in AI-themed cryptocurrencies. The rise was fueled by positive sentiment from Nvidia's revenue outlook, BitMEX co-founder Arthur Hayes' endo...

Protocol Fundamentals
Bullish
14 hours ago
NEAR Protocol jumps 14.08% led crypto gainers amid market volatility

NEAR Protocol jumps 14.08% led crypto gainers amid market volatility

NEAR Protocol surged 14.08% to $2.38, leading the day's top cryptocurrency gainers thanks to its scalable blockchain and innovative sharding technology. Other notable gainers included Ondo (+11.60%), Worldcoin (+11.58%), Hyperliquid (+9.77%), and Ren...

Market News
Neutral
17 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App