NEAR Token Slump Deepens to 13% Reaching $5.50 Following Intents Exploit
Key Facts
The NEAR token price dropped by 13% on October 1, 2026, to reach $5.50, reversing the bullish momentum that had been building since February. This decline followed a security exploit on the NEAR Intents cross-chain swap service which resulted in a loss of approximately $3.8 million, according to BeInCrypto.
The exploit specifically targeted the swap service, though the underlying NEAR Protocol blockchain itself was not reported as compromised. This price pressure follows a period of mixed global economic data, including the US Michigan Consumer Sentiment index which reached 48.1 on September 25, 2026.
Latest Updates · 1
- Notable·
Update: NEAR Intents has halted deposit and withdrawal operations across 11 networks following the incident. The service announced it has patched the smart contract flaw and committed to providing full compensation to all affected users.