MyNearWallet Shutdown Looms as NEAR Holds Positive Ground
NEAR Protocol (NEAR)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that MyNearWallet, a long-standing browser wallet for the NEAR protocol, is scheduled to close on October 31, 2026. While NEAR balances remain secured on the blockchain, users lose their convenient browser-based access to those funds. Without action, holders must retrieve their recovery data to regain access to their assets.
This deadline coincides with a period where NEAR is the only cryptocurrency among the 25 largest to trade in positive territory. The outlet notes that rising prices often drive new users to the network, many of whom discover it through search results leading to this specific wallet. A browser wallet manages private keys within the browser to sign transfers, but it does not hold the coins themselves.
Those assets reside in the blockchain's account balance, accessible only via the correct key. The closure affects the route users have used to reach their funds, though the value remains intact. Users who do nothing will not lose their balance, but they will lose the ease of access provided by the web interface.
The shutdown leaves a gap in user experience for those accustomed to the browser-based solution. This transition highlights the distinction between holding keys and holding the actual on-chain assets.
How the market reacted
Whalio's own Binance spot order flow for NEAR, measured when this story was written up on 8 October 2026. Not the outlet's figures.
NEAR is currently trading at $5.34, with a 24-hour buy ratio of 50.0% indicating balanced market participation. In the short term, the 1-hour buy ratio sits at 53.9%, suggesting a slight uptick in buying pressure compared to the 4-hour ratio of 49.7%. The 1-hour volume delta is positive at +$733,167, contrasting with a negative 4-hour delta of -$166,543. This divergence implies that recent buying activity is outpacing selling in the immediate hour, despite a slight pullback over the longer four-hour window. A positive volume delta indicates that market orders are predominantly buying, while a negative delta suggests selling pressure. The 24-hour volume delta is +$142,502, showing that net buying has dominated the day's flow. Cumulative volume delta closed at +$313,561, reinforcing that buyers have controlled the majority of the session's volume. Spot volume reached $185,341,276 with 778,520 trades executed in the last 24 hours.
The latest daily buy ratio of 51.5% sits at the 77th percentile of the last 322 days, against a median of 49.7% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for NEAR, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 49.8%, nearly identical to the current 24-hour reading of 50.0%. This stability suggests that today's trading behavior is consistent with the broader weekly trend rather than an anomaly. However, spot volume today was 1.25x the weekly average, indicating significantly higher activity than usual for this period. The 8-day price change was -0.1%, showing minimal movement despite the elevated volume. Total volume delta for the week was -$21,323,045, contrasting with the positive daily delta. This weekly net outflow contrasts with the current day's net inflow, highlighting a potential shift in momentum. Only 4 of the last 7 days saw net buying, making today's positive delta a notable deviation from the weekly norm.