Solana News: Proposal Aims to Slash Annual Inflation to 0.92%

A significant development in the Solana ecosystem could lead to a substantial reduction in its annual inflation rate, potentially boosting the cryptocurrency’s long-term value and stability.

Solana Inflation Set To Plummet Below 1%—Quorum Reached

A newly proposed token emission model, SIMD 228, has reached quorum with 70% of votes cast in favor. If passed, the proposal aims to reduce Solana’s annual inflation to approximately 0.92%. SIMD 228 implements a static curve adjusting SOL issuance according to the network’s staking participation rate. If the current stake ratio of 64% remains constant, SOL inflation would drop to about 0.92% following a specified smoothing period.

Solana Turns Green Amid Fluctuating Crypto Market, $SOL Price Analysis

The crypto market remains bearish, with Solana ($SOL) also facing selling pressure. However, $SOL has shown potential for a price rebound and is now trading at $126.18, up from $114.56 a few days ago. The coin declined by 38.38% and 14.96% on a monthly and weekly basis, respectively, but has since surged by 3.8%.

Solana Price Pumps 12% as Whales Inject $6 Billion – Is the Bear Market Over?

The Solana price has risen back to $129 today, marking a 12% recovery. SOL remains down by 12% in a week and by 37% in the past month, but its trading volume has risen to more than $6 billion in the past 24 hours. Technical indicators have bottomed out, signaling a possible breakout. Solana’s fundamentals remain strong, pointing to a positive long-term price prediction.

SEC’s ETF Delay Triggers $16 Million Exodus from Solana Spot Markets

The SEC announced plans to postpone its decision on multiple ETFs tied to major assets, including SOL. This has exacerbated bearish sentiment toward SOL, leading to significant spot market outflows. As of recent reports, $16.43 million has been removed from the market in the past 24 hours, marking the seventh day of consecutive outflows exceeding $250 million.