Following strong weekly price gains and news of new investment products, market participants are watching to see if NEAR can sustain interest as daily trading volume declines.
NEAR shows strong price gains
NEAR's price increased by
↗13%
over the last week, significantly outperforming the broader Layer 1 market average, which declined by
↘0.72%
. This performance coincides with news that Bitwise has registered a NEAR ETF and launched a NEAR exchange-traded product (ETP) in Germany.
Trading volume cools after a recent surge
Recent daily trading volume has fallen by
↘52%
, signaling a slowdown after a period of high onchain activity. That earlier surge was led primarily by mid-sized and smaller wallets, with data showing stronger selling than buying pressure during that time.
Social media buzz is high but engagement is low
Social media mentions of NEAR surged by
↗347%
over the past week. However, this spike in activity came with a weak social momentum score, which suggests the high volume of chatter did not translate into meaningful community engagement.