NEAR Protocol experienced a 32% price increase, largely attributable to Thorwallet’s cross-chain integration and its halving event on October 30. This has diminished the token’s supply in circulation, prompting heightened institutional interest in the asset.
Open Interest for NEAR surged to 219 million USD, indicating positive sentiment from institutional traders. With liquidity concentrations suggesting strong buy-side pressure at 3.17 USD, NEAR may have further growth potential if bullish momentum persists.
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