price move

NEAR jumps 6% to $5.50 and flips XLM by market cap

0Importance
closedStatus
1News media
1Pieces
Published
Updated

NEAR traded around $5.50 and was reported either ahead of or just behind Stellar in market cap, depending on the live reading and time. The move came with heavy trading volume, and one piece also noted that NEAR gained U.S. exchange-traded access.

Key claims & sources

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NEAR rose about 6% to around $5.50 and moved ahead of XLM by market cap, while trading volume topped $1.2 billion and Intents crossed $33 billion.
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In one live reading, NEAR’s market capitalization reached about $7.04 billion and 24-hour trading volume was roughly $1.18 billion.
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Stellar was still slightly ahead at a $7.02 billion market cap, while NEAR’s trading volume was $1.10 billion and it had gained U.S. exchange-traded access.

What it means

The practical change is that NEAR’s market position was close enough to Stellar’s for the lead to flip between readings, while one piece says NEAR had gained U.S. exchange-traded access. That leaves the basic trading and comparison framework in place, but with a new status point for market-watchers tracking where NEAR sits versus Stellar.

Market reaction i

NEAR ProtocolNEAR the headline names this asset
first headline
-0.9% 2 h before
-5.6% 4 h after
$5.39price at publication
12data points

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 8 08:09
crypto.news scoop
Breaks the event: $33B and $1.2B

Where this sits in the NEAR Protocol series

WhenWhat happenedFigure
25 days ago NEAR at $5.96 high today it sits -37.6% from there
today NEAR at $3.66 low today it sits +1.6% from there

From what we have stored, starting 42 days ago.