NEAR Protocol
Why NEAR Protocol is up 1.0% in the last hour
Analysis
NEAR Protocol (NEAR) edged up ~1.0% over the past hour in a broadly steady market backdrop, as CoinDesk noted BTC holding near $65,000 during its live updates—supporting mild risk-on sentiment across major alts. Meanwhile, CryptoNews’ report about XRP ETF inflows collapsing points to weakness concentrated in XRP-related institutional demand rather than a market-wide selloff, leaving room for NEAR to grind higher.
Contributing Factors (2)
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...
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.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.