NEAR falls out of top 20 cryptocurrencies after 9% drop

The token slid to 21st by market cap even as holders overwhelmingly approved a plan to slow new supply NEAR Protocol’s native token lost 9.2% in 24 hours and slipped out of the top 20 crypto assets by market capitalization. The timing is awkward. The drop arrived just as NEAR’s community signed off on a proposal designed to make the token scarcer, which is usually the kind of news holders like to celebrate. The numbers behind the slide On November 3, 2026, NEAR traded in a range between $3.75 and $3.82. Research data put the daily decline at roughly 8% to 9%, consistent with the 9.2% figure that circulated on X. That move pulled NEAR’s market capitalization down to approximately $4.87 billion. The result: a ranking of 21st among crypto assets, one spot outside the top 20. The fall stings more because NEAR had only recently climbed back into that group. During a strong October rally, the token briefly re-entered the top 20 and reached a peak market cap of around $7.2 billion. Going from about $7.2 billion to approximately $4.87 billion in a matter of weeks is a meaningful round trip. Holders who bought near the October highs are now looking at a very different portfolio. The longer ...