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NEAR Protocol jumps 50% in a week, hitting a six-month high amid AI upgrades and strong institutional interest

Protocol Fundamentals
23 May 2026
Blockonomi
View Source
Bullish
pluang ai news

NEAR Protocol surged 50% over seven days, reaching $2.34, its highest in six months, driven by retail momentum after BitMEX co-founder Arthur Hayes endorsed it as a top altcoin. Institutional investors showed strong interest with significant inflows into Bitwise's NEAR exchange-traded product. The protocol is set for major upgrades in June, including AI features, privacy enhancements, and dynamic resharding technology, supporting further growth. Technical analysis suggests NEAR could target $5.75 if it breaks key resistance levels.

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