Share this article
NEAR Protocol Plunges 9% as Volatility Spikes Despite User Growth
Network becomes second most popular L1 blockchain with 46 million monthly active users, yet price struggles amid inflation concerns.
Updated Jun 12, 2025, 3:04 p.m. Published Jun 12, 2025, 3:03 p.m.
What to know:
- NEAR Protocol experienced an 8.6% decline, dropping from $2.696 to $2.492 with significant sell-off volume spikes.
- Despite price struggles, NEAR has become the second most used layer-1 blockchain with 46 million monthly active users in May 2025, trailing only Solana.
- DWF Labs has challenged NEAR Protocol to reduce token inflation from 5% to 2.5%, offering to purchase an additional 10 million tokens if implemented.
The NEAR Protocol token is navigating through a period of heightened volatility, showing a clear downtrend with strong resistance at $2.730 and support emerging at $2.445.
Recent price action indicates modest recovery from lows but remains below key resistance levels, suggesting continued bearish sentiment despite entering a slight consolidation phase.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
This technical pressure comes at a time when NEAR's network fundamentals show remarkable growth, having surpassed Ethereum, Binance Chain, and Tron in monthly active users.
Technical analysis
- NEAR-USD dropped 8.6% from $2.696 to $2.492 over the analyzed period, showing clear downward pressure.
- Significant volume spikes occurred during key sell-offs at 17:00 on June 11 and 08:00 on June 12, both coinciding with price breakdowns.
- Strong resistance has formed at $2.730, while support emerged at $2.445 with high volume, suggesting potential stabilization.
- Recent hourly data shows a 0.7% recovery from a local bottom of $2.476, supported by volume spikes at 13:38, 13:54, and 14:01.
- Price formed an ascending channel with support at $2.481 and resistance at $2.495, though NEAR remains below key resistance levels.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Strategy’s STRD credit spread has tightened over past month even as bitcoin struggles
The narrowing spread between yields on STRD and the 10-year U.S. Treasury could signal boosted demand for the preferred stock.
What to know:
- STRD’s credit spread versus the U.S. 10-year Treasury narrowed to a new low on Friday.
- Strategy sold $82.2 million of STRD through its ATM program in the week ended Dec. 14, the largest weekly issuance since launch.
- Historical ATM data shows STRD has recently dominated preferred issuance among Strategy’s offerings.
Top Stories
