NEAR Token Tumbles 5% – Bitwise’s New Staking ETP Fails to Lift Sentiment

NEAR Protocol's native token defies bullish catalysts with a sharp 5% drop—proving once again that crypto markets eat 'good news' for breakfast. Bitwise's shiny new staking ETP? Barely a blip on the radar.

Institutional Hype vs. Market Reality

Wall Street's latest crypto toy—a staking ETP from Bitwise—landed with more of a whimper than a bang for NEAR holders. The token slid despite the fanfare, because nothing moves markets like traders ignoring 'obvious' bullish signals.

Staking Plays and Paper Gains

Another day, another product promising 'institutional adoption.' Meanwhile, actual investors shrug and dump the news—classic crypto theater. Maybe next time, Wall Street.

NEAR's dip screams a brutal truth: even solid projects get punished when traders chase the next shiny thing. Will the staking narrative gain traction? Or is this just another case of 'buy the rumor, sell the product'? Stay tuned.