NEAR Protocol
Why NEAR Protocol is down 2.1% in the last hour
Analysis
NEAR fell 2.1% over the past hour amid broader crypto sentiment pressure tied to fresh headlines about crypto being used in scams. The Block reported that scammers have been demanding crypto “clearance” fees from ships near the Strait of Hormuz, a story that can weigh on risk appetite and near-term buying across altcoins like NEAR.
Contributing Factors (1)
Scammers demand crypto ‘clearance’ fees from ships near Strait of Hormuz: report
Greek maritime risk firm MARISKS warned shippers of fraudulent Hormuz transit demands paid in bitcoin or USDT, according to Reuters.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.