Arthur Hayes Backs NEAR Protocol After Bullish Weekly Chart

Arthur Hayes posted a weekly price chart of NEAR Protocol with the caption “pack your bags for da moon,” reinforcing a bullish view for the Layer-1 token and pointing to the protocol’s on-chain “intents” feature as a potential source of recurring revenue. At the time of the post, NEAR traded well below its 2022 peak above $20.

The post followed a May 22 message in which Hayes grouped NEAR with Hyperliquid (HYPE) and Zcash (ZEC) as his “holy trinity” of altcoin positions. Market data shows NEAR rose more than 65% in the seven days after that May 22 mention. The weekly chart Hayes shared shows NEAR recovering from multi-year lows.

Hayes highlighted the protocol’s product developments alongside technical analysis. He referenced on-chain “intents” as a pathway for protocol revenue and cited the convergence of AI infrastructure and blockchain scalability as elements of his investment thesis. NEAR has positioned itself over the past 18 months as infrastructure for autonomous on-chain applications.

NEAR’s recent gains followed a period of price consolidation after sustained underperformance against larger Layer-1 peers. A separate analysis compared daily active user metrics and flagged NEAR as potentially undervalued versus Solana.

Hayes has concentrated capital into protocol-level bets tied to specific revenue or utility ideas. Earlier in 2026 he purchased $1.1 million in HYPE and published a $150 price target for that token by August. He has also moved into DeFi positions across ENA, PENDLE and LDO.

Future NEAR price movement will depend on market trading and on-chain adoption.