NEAR's sharp correction met strong Spot demand as buyers defended critical support.
Binance will support the NEAR Protocol network upgrade and hard fork scheduled for June 10, the exchange confirmed in a wallet maintenance notice. Deposits and withdrawals of NEAR tokens on the platform will be temporarily suspended around the event.
NEAR Protocol experienced a devastating selloff of nearly 17% on June 4, 2026, marking it as among the day's most significant losers in the cryptocurrency market. The dramatic price collapse was primarily attributed to Arthur Hayes, the BitMEX co-founder, publicly disclosing his decision to liquidate all his NEAR and Hyperliquid holdings.