NEAR Protocol
Why NEAR Protocol is up 1.0% in the last hour
Analysis
NEAR rose about 1% over the past hour as buyers appeared to step in after reports that BitMEX co-founder Arthur Hayes liquidated his NEAR position, easing the immediate sell-off pressure and supporting a short-term bounce. Both CoinJournal and AMBCrypto highlighted Hayes’ NEAR sales and the market’s reaction, with AMBCrypto noting that “buyers refuse to leave” despite the cash-out.
Contributing Factors (3)
‘Time to take profit’ – Arthur Hayes dumps HYPE, NEAR before SpaceX IPO
Will SpaceX IPO debut boost some altcoins?
BitMEX co-founder, Arthur Hayes, liquidates all his ZEC, HYPE, and NEAR tokens
Hayes exited ZEC after an Orchard privacy bug raised supply doubts. He also liquidated HYPE and NEAR while rotating his portfolio. The Zcash flaw was patched, but future exploitation cannot be ruled o...
NEAR plunges 24% as Arthur Hayes cashes out – Buyers refuse to leave
NEAR's sharp correction met strong Spot demand as buyers defended critical support.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.