NEAR Protocol (NEAR) Price: Jumps 11% as 1 Million Tokens Get Staked for AI

TLDR NEAR AI reported more than 1 million NEAR staked, with rewards paying for AI inference while users keep their tokens. NEAR gained over 11% in 24 hours after a Bitwise Q3 volume report and a new governance proposal. The proposal would cut token issuance from 2.5% to 1.6% over 24 months. Bitwise’s Spot NEAR ETF saw its first outflow, $2.54 million, since its Sept. 29 launch. NEAR faces resistance at $5.50, and support sits at $4.50. NEAR AI reported that more than 1 million NEAR is now staked with its service. Users can put the staking rewards toward AI inference while keeping their underlying tokens. NEAR AI posted the update on X on Oct. 21. “Stake yours to pay for your AI. The NEAR stays yours,” NEAR AI wrote.

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