Bitcoin
NEAR Protocol Climbs 122% in 30 Days Amid Speculative AI-Related Buying
NEAR outperformed major crypto assets over the past month, driven by speculative interest rather than direct technical or network updates.
NEAR Protocol recorded an increase of roughly 122% over the 30-day period ending October 5, 2026, substantially outpacing Bitcoin's 8% gain during the same window. The token also outperformed other large assets, including Ethereum at 11%, Solana at 18%, Sui at 58%, and Arbitrum at 55%. As of October 7, NEAR traded at $5.19, reflecting a 6.4% seven-day gain.
The rally occurred without specific fundamental triggers, such as protocol upgrades, exchange listings, or notable partnership announcements. Inflows instead appear tied to broad interest in tokens associated with artificial intelligence. BitMEX co-founder Arthur Hayes previously highlighted NEAR as a speculative pick in May during an appearance on The Rollup podcast, when the asset traded near $3.
Market dynamics such as fresh speculative capital and short liquidations have added to the upside pressure. Despite the recent momentum and a 63% rise over the past year, NEAR remains approximately 75% below its record peak of $20.44 reached in January 2022.
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