Near Protocol Token Soars 3.7% to $4.54 Amid Hefty Short Liquidations

Near Protocol's token NEAR rose sharply on September 24, gaining 3.7% in one hour to reach $4.54. This increase extends its 24-hour gain to 3.82%, making it a notable performer in the market.

According to data from Binance, NEAR climbed from $4.38 to $4.54 during the hour, while short liquidations totaled $140,000 across major exchanges Binance, Bybit, and OKX. Long liquidations, on the other hand, were significantly lower at $10,000.

This price movement has significant implications for investors who had taken short positions in NEAR. The token's market capitalization currently stands at approximately $5.82726 billion, ranking it 22nd by market cap.