NEAR Protocol Soars 6% on $10.1 Million Institutional Investment Boost

The price of NEAR Protocol surged 6% in a 24-hour period as institutional investors poured $10.1 million into the cryptocurrency.

The token's value climbed from $2.57 to reach $2.73, but it later settled back to established resistance zones after encountering selling pressure.

The influx of investment was part of a broader trend in which digital asset products attracted $572 million in global inflows last week.

This surge in institutional interest is attributed to U.S. policy changes allowing digital assets in 401(k) retirement plans, which triggered $1.57 billion in late-week investment inflows across the broader cryptocurrency market.