Key Takeaways
- • NEAR Protocol rose about 6.0 to 6.2 percent to $5.28, outperforming Bitcoin and Ether, as a US spot fund that buys actual tokens recorded net inflows for a third consecutive day.
- • The fund, launched September 29, 2026, has attracted roughly $88.5 million in inflows, creating direct demand for NEAR tokens.
- • NEAR remains 74% below its all-time high of $20.40 set in January 2022, leaving substantial room for recovery if demand persists.
- • The annual token emission rate of 2.5 percent dilutes holders who do not stake, while growing usage of NEAR Intents, a cross-chain swapping service, supports the asset's investability.
- • Whether the fund's inflow streak continues beyond the third day is the key factor for near-term price direction.
Summary
NEAR Protocol's token price rose roughly 6 percent to $5.28, outperforming Bitcoin and Ether, after a US spot fund that holds the underlying token recorded net inflows on three consecutive trading days. According to the primary report, the fund launched on September 29, 2026, and has taken in roughly $88.5 million, which translates into direct purchases of NEAR rather than derivatives exposure. The sustained inflows are the main driver of the move, and the report identifies the continuation of the streak beyond the third day as the key test for the rally.
Pluang data cited in the same report put NEAR's price at Rp92,464 as of October 22, 2026, 10:31 WIB, a one-day gain of 2.71 percent on that platform. Market capitalization stood at Rp121.29 trillion, with 24-hour trading volume of Rp25 trillion. Pluang user activity skewed toward selling, with 73 percent of users selling and 27 percent buying, and an average holding period of 51 days. The report notes that these figures reflect the platform's local-currency pricing and are not a global benchmark.
Fundamentally, the report points to growing usage of NEAR Intents as support for the asset's investability. Offsetting this is an annual token emission rate of 2.5 percent, which dilutes holders who do not stake their tokens. Despite the recent gains, the token trades 74 percent below its January 2022 all-time high of $20.40, a level that underscores both the scale of the prior drawdown and the uncertainty around a sustained recovery.
Pluang data cited in the same report put NEAR's price at Rp92,464 as of October 22, 2026, 10:31 WIB, a one-day gain of 2.71 percent on that platform. Market capitalization stood at Rp121.29 trillion, with 24-hour trading volume of Rp25 trillion. Pluang user activity skewed toward selling, with 73 percent of users selling and 27 percent buying, and an average holding period of 51 days. The report notes that these figures reflect the platform's local-currency pricing and are not a global benchmark.
Fundamentally, the report points to growing usage of NEAR Intents as support for the asset's investability. Offsetting this is an annual token emission rate of 2.5 percent, which dilutes holders who do not stake their tokens. Despite the recent gains, the token trades 74 percent below its January 2022 all-time high of $20.40, a level that underscores both the scale of the prior drawdown and the uncertainty around a sustained recovery.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.