NEAR Token Surges as $70M TVL Threshold Activates Milestone Incentive Program

The NEAR Protocol token surged 7.59% to reach $2.51 after its Confidential Intents infrastructure exceeded the $70 million total value locked benchmark.

This achievement activated a scheduled token distribution as part of the 'NEAR@3.33' Milestone Incentive Program.

The distribution mechanism allocates 333,333 locked NEAR@3.33 tokens among qualifying participants, who must maintain a minimum balance exceeding $100 and execute at least one confidential swap transaction to be eligible.

Crypto analyst CryptoBullet noted that the asset appears to be developing an inverse Head & Shoulders configuration on its chart, which may establish conditions for a potential upward breakout in 2027.