Biggest Movers: Near Surges by Over 25% on News of an Upcoming Stablecoin

Biggest Movers: Near Surges by Over 25% on News of an Upcoming Stablecoin

NEAR rallied by over 25% on Friday, as speculation grew that Near Protocol was set to create a rival stablecoin to Terra’s UST. LUNA fell on the news, as Terra labs plans to purchase around $100 million worth of AVAX, in order to strengthen its own reserves. Near Protocol (NEAR) NEAR was the biggest gainer during today’s session, climbing by over 25%, as traders reacted to two recent fundamental developments. The price surge began yesterday, after it was announced that NEAR had raised $350M in funding from the likes of Tiger Global and FTX Ventures.....


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