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NEAR Protocol’s weekend rally had help from buybacks, a supply cut proposal, and some unlucky short sellers.
NEAR Protocol jumped 7.9% following a quantum resistant upgrade announcement and $5.13M in ETF inflows. NEAR Intents' DEX volume hit $33B, reinforcing strong usage and buybacks.
NEAR Protocol rose 16% over the weekend as record volume, the Bitwise NRR spot ETF and a proposed issuance cut fueled demand.