CryptoMedium•8 October 2026•
1 min read
NEAR Protocol Drops 15.5% as $651M in Long Positions Liquidated
Key Facts
1NEAR Protocol price dropped 15.58% to $4.58 within a 24-hour period.
267 out of the 90 largest cryptocurrencies declined during the 24 hours ending Oct 8.
NEAR Protocol price dropped 15.58% to $4.58 within a 24-hour period ending October 8, 2026. TokenPost reported that the decline was part of a broader market slump where 67 out of the 90 largest cryptocurrencies lost value.
The downturn is attributed to the liquidation of $651M in long positions and hawkish signals from the Federal Reserve. Other major assets also faced selling pressure, with Injective falling 10.22% to $6.76 and Avalanche declining 12.58% to $1,167 on October 8, 2026.