NEAR is pumping today because strong crypto-market momentum and institutional buying are lifting the token, with NEAR up around 6–7% today and trading volume elevated.

There’s also a NEAR-specific catalyst: the Bitwise spot NEAR ETF has attracted significant attention, NEAR Intents recovered the funds from its recent exploit, and the Infinex integration is strengthening the ecosystem narrative. On top of that, short-position liquidations are adding fuel to the move, creating a small short squeeze.