NEAR's price dropped sharply by 24.42% following Arthur Hayes' announcement that he fully exited his holdings, driven by concerns over AI IPO valuations and rising energy costs. Despite the sell-off, trading volume surged to $1.16 billion, showing strong market participation and buyers absorbing some selling pressure around the $2.09 support level. The token avoided a deeper breakdown, with the RSI resetting from overbought conditions, indicating buyers still hold influence. Key liquidity zones suggest potential volatility ahead, with possible recovery if demand at support persists or further declines if selling intensifies.
The CoinDesk 20 index fell 4.8% to 1681.25, with all twenty assets trading lower since the previous day. Bitcoin led the decline among major cryptocurrencies, dropping 2.8%, while Binance Coin also fell 2.9%. The biggest losses were seen in ICP and N...
Worldcoin (WLD) fell 8.7% on Upbit, trading between 717 and 835 won amid an extreme greed sentiment signal, indicating high short-term volatility and profit-taking. Despite its long-term goal of expanding financial access, WLD is currently behaving l...
Binance announced it will support the NEAR Protocol network upgrade and hard fork scheduled for June 10, 2026. To ensure compatibility, Binance will temporarily suspend NEAR token deposits and withdrawals during the upgrade. Users holding NEAR on Bin...
NEAR Protocol's price dropped nearly 17% following Arthur Hayes' announcement that he liquidated his entire NEAR and Hyperliquid (HYPE) holdings. Hayes cited rising energy costs linked to the Iran conflict, upcoming AI company IPOs before Q3, and pot...
Arthur Hayes, co-founder of BitMEX, views the upcoming SpaceX IPO and other AI-related IPOs as bearish for the crypto market, prompting him to sell his entire holdings in altcoins like Hyperliquid (HYPE) and Near Protocol (NEAR) to take profits. Desp...
