NEAR Protocol
Why NEAR Protocol is down 6.6% today
Analysis
NEAR fell 6.6% over the past 24 hours amid reports that BitMEX co-founder Arthur Hayes liquidated his NEAR holdings, adding sell pressure and weighing on sentiment. CoinJournal specifically reported Hayes sold all his NEAR tokens, while AMBCrypto’s price analysis linked the drawdown to his cash-out activity and noted buyers were still active despite the drop.
Contributing Factors (3)
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
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Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.