Near Protocol Price Drops 3.1% to $5.25 Amid Market Volatility

Near Protocol's price took a sharp turn downwards on September 27, dropping by 3.10% in just one hour to reach $5.25 at 5:32 a.m. ET (09:32 UTC). This sudden decline occurred despite the token's strong 24-hour performance, which saw an 8.49% gain.

The price had been at $5.42 just an hour prior, demonstrating the rapid fluctuation in Near Protocol's value. The figures were collected from Binance's NEAR/USDT market, providing a real-time snapshot of the token's performance.

In a related development, long liquidations on major exchanges reached $600,000 during the same hour, far exceeding short liquidations which totaled just $10,000. This highlights the significant pressure on investors who had taken on long positions in Near Protocol.