Institutional Traders Fuel 2% NEAR Gain Amid Ongoing Price Volatility

NEAR Inches Up 2% as Institutional Interest Lifts Volume, But Volatility Persists

NEAR Protocol posted a modest gain of 1.93% over the past 24 hours, rising from $2.59 to $2.64 as of 15:00 UTC on August 8. The asset traded within a 6.84% range, with prices oscillating between $2.54 and $2.71 — a move that underscores continued fragility in crypto market structure.

“Persistent volatility and erratic trading behavior emphasize the need for stronger infrastructure and clearer regulation,” said an executive at a major crypto trading firm.

Institutional flows were behind much of the volume surge, which reached 18.9 million tokens — well above average daily activity. The $2.62 to $2.66 band attracted steady inflows from corporate treasuries and hedge funds, signaling accumulation. However, a swift rejection at $2.67, triggered by over 120,000 tokens offloaded in under four minutes, pointed to algorithmic selling pressure.

Analysts suggest the interaction between institutional inflows and high-frequency trading reflects both the growing sophistication and the fragility of crypto markets. While corporate adoption is rising, sharp intraday swings continue to deter traditional asset managers wary of systemic risk.

By the Numbers:

• Daily Range: $2.54 (support) to $2.71 (resistance)
• Volatility: 6.84% intraday movement
• Peak Volume: 18.9 million NEAR, driven by institutional demand
• Accumulation Zone: $2.62–$2.66 targeted by corporate buyers
• Algorithmic Sell Trigger: $2.67 rejection with rapid liquidation
• Drawdown: 1.13% off session high, showing active risk controls

About The Author

ctleditor

See author's posts