On Oct. 1, NEAR Intents was attacked, and about $3.8 million in funds was stolen. Within 48 hours, the team said it had recovered the full amount. NEAR is currently trading at around $5.33, mostly flat over the past week, with a weekly gain of 0.1%.
The contrast is worth noting: this time, the market isn’t pricing in the “theft,” but the speed of recovery and the buyback path enabled by the fee switch. A security incident is being viewed as a risk-management test, rather than a reason for a discount.
There are a few pieces of evidence. Some say two whales hold about $5.76 million in long positions on a perpetual futures platform, suggesting a bullish bias. In public discussions, NEAR is repeatedly listed among tokens with “buyback and burn” plans. Other data shows NEAR ranked among the top five by trading volume for AI coins denominated in Korean won, at about $1.7 billion.
There are dissenting views, too. Some argue that the price has already outpaced revenue, and that without protocol revenue to support it, the rally looks more like a way to make room for selling. For now, these claims are personal opinions and have not been corroborated by multiple sources.
One question remains: Was recovering the funds in 48 hours a sign of capability, or did things just go well this time?
The contrast is worth noting: this time, the market isn’t pricing in the “theft,” but the speed of recovery and the buyback path enabled by the fee switch. A security incident is being viewed as a risk-management test, rather than a reason for a discount.
There are a few pieces of evidence. Some say two whales hold about $5.76 million in long positions on a perpetual futures platform, suggesting a bullish bias. In public discussions, NEAR is repeatedly listed among tokens with “buyback and burn” plans. Other data shows NEAR ranked among the top five by trading volume for AI coins denominated in Korean won, at about $1.7 billion.
There are dissenting views, too. Some argue that the price has already outpaced revenue, and that without protocol revenue to support it, the rally looks more like a way to make room for selling. For now, these claims are personal opinions and have not been corroborated by multiple sources.
One question remains: Was recovering the funds in 48 hours a sign of capability, or did things just go well this time?