$NEAR Price Rallies as Sovereign Fund Proposal Boosts Market Sentiment

Near Protocol's price has been on an uptrend after the introduction of a new long-term vision for its token economy. The proposal, led by founder Illia Polosukhin, aims to establish a Sovereign Fund that will be financed using 30 million $NEAR tokens.

The news comes as $NEAR records its fourth consecutive day of gains, with buyers returning to both the spot and derivatives markets.

According to data from CryptoQuant, Near Protocol's large holders have become increasingly active during the latest rally. This surge in whale orders suggests that institutional-sized investors are positioning alongside the improving market sentiment rather than locking in profits.