NEAR Surges Over 25% on May 22, Triggers $5.8M Short Squeeze Amid NVIDIA AI Catalyst

According to Coinglass, NEAR Protocol surged over 25% on May 22, 2026, climbing from monthly lows near $1.25 to break past $2.20, triggering a $5.8 million short squeeze. The rally was catalyzed by NVIDIA's Q1 FY2027 earnings report released on May 20, in which CEO Jensen Huang declared that "Agentic AI has arrived," signaling a shift toward autonomous AI agents. NEAR has positioned itself as an execution layer for this emerging "Agentic Web" by providing decentralized infrastructure for AI agents and recently introducing automatic PII (Personally Identifiable Information) anonymization for AI prompts. According to Foresight News, the network is preparing to launch "Dynamic Resharding" in upgrade 2.13, allowing automatic shard scaling based on demand without manual validator intervention.
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