Bitwise CIO and Sovereign CEO say NEAR is entering next phase of value accrual
- —NEAR cut inflation from 5% to 2.5% and is weighing a further reduction to 1.6% over two years
- —Revenue from Intents is being used in part to buy back NEAR tokens
- —Bitwise launched its spot NEAR ETP on NYSE Arca with in-house staking accruing to NAV
- —Ternullo cited Hyperliquid as evidence that value-return mechanisms can reprice a token
Why it matters: NEAR's shift toward revenue-backed buybacks and lower issuance could draw institutional investors who value the token on fundamentals rather than its long-term AI narrative alone.
Source: Crypto Briefing