NEAR falls out of top 20 cryptocurrencies after 9% drop

The token slid to 21st by market cap even as holders overwhelmingly approved a plan to slow new supply NEAR Protocol ’s native token lost 9.2% in 24 hours and slipped out of the top 20 crypto assets by market capitalization. The timing is awkward. The drop arrived just as NEAR’s community signed off on a proposal designed to make the token scarcer, which is usually the kind of news holders like to celebrate. On November 3, 2026, NEAR traded in a range between $3.75 and $3.82. Research data put the daily decline at roughly 8% to 9%, consistent with the 9.2% figure that circulated on X. That move pulled NEAR’s market capitalization down to approximately $4.87 billion.

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