NEAR Protocol
Why NEAR Protocol is down 1.5% in the last hour
Analysis
NEAR Protocol (NEAR) slipped about 1.5% over the past hour as broader crypto sentiment stayed cautious, with Bitcoin trading steady near $65,000 and market attention focused on security concerns after ZachXBT criticized hardware wallets in CoinDesk’s live updates. Risk appetite also looked softer amid signs of weakening institutional demand in crypto ETFs, as CryptoNews reported XRP ETF inflows near zero alongside falling on-chain activity, which can weigh on altcoins like NEAR in the short term.
Contributing Factors (2)
Live updates: ZachXBT calls hardware wallets complete garbage; BTC steady near $65,000
Blockchain investigator ZachXBT came down heavily on hardware wallets. BTC traded steady near $65,000 after South Korea's rate hike.
Ripple XRP ETF Inflows Near Zero as Institutional Demand and On-Chain Activity Fall Together
XRP ETF daily inflows crashed to $107K on July 10 as institutional demand and on-chain activity hit multi-month lows, leaving price propped up by cold-storage holders. The post Ripple XRP ETF Inflows...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.