Weekend Bloodbath: NEAR Crashes 7.4% as CoinDesk 20 Index Takes a Hit

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2025-05-05 13:11:38

Another weekend, another crypto slump—because apparently digital assets don’t believe in weekends off. The CoinDesk 20 took a nosedive, with NEAR Protocol leading the charge downward like a lemming with a death wish.

Active traders got rekt (again), while HODLers shrugged and muttered ’macro conditions’ like a mantra. Meanwhile, traditional finance bros sipped mimosas and smugly adjusted their bond portfolios.

Silver lining? At least the blockchain never sleeps—even when your portfolio wishes it would.

9am CoinDesk 20 Update for 2025-05-05: full chart

Leaders: SUI (+0.7%) and LTC (+0.7%).

Laggards: NEAR (-7.4%) and AVAX (-7.4%).

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

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