Near Protocol Price Surges on Institutional Inflows

NEAR Protocol's price surged 6% in 24 hours as institutional investment flows reached new highs. The blockchain token climbed from $2.57 to $2.73, supported by heavy inflows of $10.1 million.

This significant increase is part of a broader trend, with digital asset investment products attracting $572 million in global inflows last week. The US policy change allowing digital assets in 401(k) retirement plans triggered $1.57 billion in late-week investment inflows.

The rapid price movement was driven by aggressive buying interest on Monday's session, though profit-taking activities created sharp reversals at key technical levels. Trading volume exceeded 8.01 million tokens during the 24-hour period, well above typical market activity.