NEAR Protocol Drops in Open Interest and Volume After Intents Exploit
7 Articles
7 Articles
NEAR Protocol ETF Pulls In $35 Million Right After a Token Exploit
Bitwise's NRR ETF brought in roughly $35.5 million in net inflows on its September 29 NYSE Arca debut, months after a missing access-control macro let an attacker drain 13.71 billion SWEAT tokens on NEAR's network.
NEAR Protocol Could Face 30-40% Correction, Analyst Says
TLDR: Analyst Michaël van de Poppe expects a 30-40% NEAR correction after the recent strong upward impulse. He plans bounce plays near 4.30-4.35, adds back at $3.90, and scales in at $3.40 during a pullback. The Bitwise NEAR ETF (NRR) drew $35.5 million on day one, then $13.2 million and about $9 million. Bitwise CEO [...]
NEAR is listed in USD $4.65 and the market statement reports a daily drop of 14.67%, although that percentage does not coincide with the prior reported shutdown of USD $5.04. The quote is close to the minimum intraday of USD $4.60 and below the VWAP. The USD $3.8 million exploit in NEAR Intents is a relevant operational risk; later, the team claimed to have recovered the funds. The relationship between the incident and the setback is plausible, …
NEAR Protocol Drops in Open Interest and Volume After Intents Exploit
NEAR is hurting. The protocol bounced slightly after the NEAR Intents exploit, but pretty much every metric worth watching is… Read the original on NEAR Protocol Faces Trust Crisis as Open Interest and Volume Plummet Post-Exploit. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
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