NEAR Crashes 7.4% as CoinDesk 20 Stumbles Through Weekend Slump

Crypto’s so-called ’blue chips’ took a collective nosedive—because nothing says ’store of value’ like double-digit weekly swings.

NEAR Protocol led the losers’ circle with a 7.4% drop, proving once again that in crypto, even layer-1 blockchains aren’t immune to weekend liquidity crises. The index’s decline mirrors broader market jitters, though let’s be real—when hasn’t crypto been jittery?

Traders who bet on ’stability’ from indexed assets got another harsh lesson: in this market, even the benchmark products benchmark volatility. Meanwhile, traditional finance bros are still waiting for that ’institutional maturity’ they keep promising will arrive next quarter.

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.