NEAR’s three-day volume-weighted average price held at or above $3.33, and the 333,333 milestone tokens from its first incentive drop were distributed on 21 September, according to Jinse Finance. NEAR trades at $4.26, up 19.7% on the day, and has climbed from 23rd to 17th by market value.
NEAR Crypto Price Today: $4.26 and 17th by Market Value
The NEAR crypto price today is $4.26, up 19.7% over 24 hours. Volume rose 82.12% to $2.16 billion, and market capitalization stands at $5.57 billion. NEAR traded below $2.80 on 17 September, so the move to $4.26 is a gain of roughly 52% in four sessions.
Source: TradingView.
NEAR blockchain price trades 48% above its 20-day exponential moving average at $2.873 and 117% above the 200-day at $1.964, with all four averages stacked in ascending order. The 14-day RSI reads 82.30 against a signal line of 70.75.
Read more: NEAR Protocol Price Prediction
Why 18 September Did Not Unlock the NEAR Tokens
NEAR crossed $3.33 on 18 September, but one session above the level could not release anything. The program terms convert milestone tokens into NEAR only after the volume-weighted average price holds at or above $3.33 for three consecutive days.
Jinse Finance reported on 21 September that the three-day window had run with the average at or above the threshold, and that the milestone tokens were officially distributed. The daily chart is consistent with that: no session after 18 September traded down to $3.33, with the lowest wick near $3.40. Users can check balances on near.com.
Read more: NEAR Protocol Price Clears the $3.33 Airdrop Unlock Level
NEAR Airdrop Unlock: What Converts and for Whom
The NEAR airdrop unlock converts 333,333 milestone tokens into NEAR at a 1:1 ratio. Eligible wallets held more than $100 in confidential balances at the snapshot and had completed at least one confidential swap, with larger allocations for earlier activity, higher balances and more swaps.
A 2% cap limits any single wallet to about 6,666 tokens. The snapshot was taken on 15 September, when Confidential Intents total value locked crossed $70 million, and NEAR announced it formally on 17 September. This is Drop 1, the first of the program’s milestone drops.
NEAR’s Private Perpetual Futures Launched the Same Week
near.com launched confidential perpetual futures on 17 September, covering more than 50 markets and hiding position size, direction and entry time from public view. A third-party perpetual futures venue supplies execution and liquidity, while NEAR’s Confidential Intents handles the privacy layer.
NEAR reports more than $19 billion in cumulative Intents volume across more than 35 chains, and $5.01 million in gross fees over the past 30 days. The perpetuals product routes a new category of trading through that same infrastructure.
The NEAR Token Unlock Is Small; the Rally Is Not
At $4.26, the 333,333 unlocked tokens are worth about $1.42 million, roughly 0.07% of a single day’s $2.16 billion in volume. Drop 1 adds sellable supply, but not enough to move a market this liquid on its own.
NEAR’s 52% gain in four sessions is the larger risk. DefiLlama data shows total value locked on NEAR fell 5.24% to $179.62 million over the past 24 hours, with $3.36 million in net outflows, even as the price climbed. Chain fees came to $4,441 for the day, against a market capitalization above $5.5 billion.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Crypto assets are unregulated and highly volatile. Readers should conduct their own research before making any trading decisions.
FAQs
1. Has the NEAR airdrop unlocked?
The NEAR airdrop has unlocked, with the 333,333 milestone tokens from Drop 1 distributed on 21 September after NEAR’s three-day volume-weighted average price held at or above $3.33, according to Jinse Finance. Eligible users can check balances on near.com.
2. What is the NEAR crypto price today?
The NEAR crypto price today is $4.26, up 19.7% over 24 hours on $2.16 billion of volume. NEAR ranks 17th by market value at $5.57 billion, up from 23rd four sessions earlier.
3. Who qualifies for the NEAR airdrop unlock?
Wallets qualify for the NEAR airdrop unlock if they held more than $100 in confidential balances on near.com at the 15 September snapshot and had completed at least one confidential swap. No wallet can receive more than 2% of the 333,333-token pool, about 6,666 tokens.
4. Why did NEAR not unlock on 18 September?
NEAR did not unlock on 18 September because one session above $3.33 did not meet the program’s condition. Milestone tokens convert only after the three-day volume-weighted average price holds at or above $3.33, which was reported as met on 21 September.
