FRANKLYNOG

🚨 $NEAR — FROM ETF HYPE TO A 14% SLAP IN THE FACE. NEAR has dropped toward $4.70, giving back a big chunk of its recent run after briefly trading above $5.50. The selloff also came as NEAR Intents disclosed a security incident tied to its cross-chain infrastructure, with reported losses around $3.8M. The underlying NEAR blockchain itself was not reported as compromised. Here’s the part traders should care about: $4.69–$4.74 is now the key support zone. Hold it, and this could simply be a violent retest after the September breakout. Lose it? The next downside references sit closer to $4.58, then ~$4.30. And the irony? The new Bitwise NEAR ETF was still seeing positive inflows around launch week. So this isn’t a simple “nobody wants NEAR” story. It’s a battle between: fresh institutional access vs. post-rally profit-taking + security fear. $NEAR doesn’t need hype right now. It needs $4.70 to hold. 👀 #NEARFallsToAround$4.70Down14% #EvernorthPlansNasdaqListingOct8 #SECProposesCryptoCustodyFramework #IMFApproves$139MDisbursementToElSalvador #AnthropicTargetsIPOAsSoonAsMidNovember