NEAR Protocol Soars 26%, Open Interest Skyrocketing Amid Speculation

NEAR Protocol’s price witnessed a dramatic surge of 26% on November 7, 2025, accompanied by a substantial increase in open interest. Spot trading volume surged past $130 million as market participants fueled the rise through speculative trading and derivatives activity. The potential for reaching a $5 target is fueling discussions within the community, although Illia Polosukhin, co-founder of NEAR Protocol, has not publicly commented on this spike.