#NEAR Update🟢️️️️️️🟢️️️️️️🟢️️️️️️
02.11, 16:00 UTC: The 4h candle closed at 4.012
At 16:48 UTC, voting on HSP-029 (reducing emissions to 1.6%) closed: 99.97% voted “yes,” with 62% turnout.
The price moved lower. This is a sell-the-news reaction, like in October 2025 when emissions were reduced from 5% to 2.5% (then it was -8%).
It’s still a long way from taking effect: the Security Council can veto it until 16.11, followed by 90 days for preparation and validator upgrades. Emissions will gradually decrease from 89.5K to 57.3K NEAR per day over 24 months.
This won’t affect the near-term price.
Today’s low: $3.74; spot is selling
Retail is building long positions
OI: 1.04 billion $ ≈ 260M NEAR (255.6M on 02.11).
Leverage isn’t being flushed.
Base-case scenario: range of $3.50 $ –$4.20
02.11, 16:00 UTC: The 4h candle closed at 4.012
At 16:48 UTC, voting on HSP-029 (reducing emissions to 1.6%) closed: 99.97% voted “yes,” with 62% turnout.
The price moved lower. This is a sell-the-news reaction, like in October 2025 when emissions were reduced from 5% to 2.5% (then it was -8%).
It’s still a long way from taking effect: the Security Council can veto it until 16.11, followed by 90 days for preparation and validator upgrades. Emissions will gradually decrease from 89.5K to 57.3K NEAR per day over 24 months.
This won’t affect the near-term price.
Today’s low: $3.74; spot is selling
Retail is building long positions
OI: 1.04 billion $ ≈ 260M NEAR (255.6M on 02.11).
Leverage isn’t being flushed.
Base-case scenario: range of $3.50 $ –$4.20
