NEAR Plummets to $4.69 as Long Liquidations Reach $510,000

NEAR's price plummeted by 3.08% in just one hour to $4.69 at 3:16 a.m. ET on October 3, according to TokenPost's collection of Binance spot NEAR/USDT prices.

The cryptocurrency had traded at $4.84 an hour earlier, indicating a sharp decline in value. Over the past 24 hours, NEAR was down 4.30% from its previous price.

Notably, long liquidations outpaced short liquidations across three exchanges - Binance, Bybit, and OKX - totaling $510,000 in long positions and $30,000 in short positions within the same hour.