The NEAR token jumped 30% to an intraday high of $2.25, marking a 70% increase since the start of May and briefly pushing its market capitalization past $2.9 billion.
Key Takeaways:
NEAR token jumped 30% to hit an intraday high of $2.25 following a public services partnership with Bermuda.The Bitwise NEAR Staking ETP recently saw a $3 million inflow, pushing total assets under management to $36 million.Near Protocol plans to deploy a dynamic resharding upgrade in June to scale infrastructure for AI agents.NEAR, the token of the artificial intelligence-native protocol Near, surged on Friday as it crossed the $2 threshold for the first time this year. The spike saw the token maintain an upward trend that began following the announcement that Near AI had partnered with Bermuda to deploy AI-powered public services.
According to the daily chart, NEAR jumped 30%, rising from $1.73 to an intraday high of $2.25, which pushed its weekly gains past the 40% mark. Since the start of May, when it traded around $1.30, the token is up over 70%, making it one of the top-performing digital assets in the period. The latest jump also briefly lifted its market capitalization past the $2.9 billion mark.
