$3.8 million drained, then all of it sent back. That is the Near Intents story, and $NEAR traders barely looked up.
Decrypt reports that the roughly $3.8M taken in Thursday's Near Intents exploit was returned in full, one day after the team said it had identified the attacker and set a 48-hour deadline.
My take: a full recovery is the best possible ending to an exploit, but it fixes the damage, not the week. NEAR is at 4.91, up 1.9% in 24 hours. That is about the same as BTC's +1.92%, so this looks like the market lifting everything, not a reward for the news.
The week is still weak. NEAR is down 7.5% over 7 days and sits 11.4% under its 7-day high of 5.54. Volume is about 81.8M USDT, only 0.39x its 7-day average, so few traders are acting on this headline. Hourly RSI is 54.1, neutral.
Fear & Greed jumped to 70 (Greed) from 65, so the mood is warming, but NEAR is not leading it.
What would change my view: NEAR back above 5.54 with volume above its average. Below 4.548, the weekly low, the good news did not matter.
#NearIntents #ExploitRecovery
Decrypt reports that the roughly $3.8M taken in Thursday's Near Intents exploit was returned in full, one day after the team said it had identified the attacker and set a 48-hour deadline.
My take: a full recovery is the best possible ending to an exploit, but it fixes the damage, not the week. NEAR is at 4.91, up 1.9% in 24 hours. That is about the same as BTC's +1.92%, so this looks like the market lifting everything, not a reward for the news.
The week is still weak. NEAR is down 7.5% over 7 days and sits 11.4% under its 7-day high of 5.54. Volume is about 81.8M USDT, only 0.39x its 7-day average, so few traders are acting on this headline. Hourly RSI is 54.1, neutral.
Fear & Greed jumped to 70 (Greed) from 65, so the mood is warming, but NEAR is not leading it.
What would change my view: NEAR back above 5.54 with volume above its average. Below 4.548, the weekly low, the good news did not matter.
#NearIntents #ExploitRecovery
