Solana News: Proposal to Reduce Inflation Fails Due to Opposition from Small Validators
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A recent proposal aimed at reducing Solana’s inflation rate via staking rewards has encountered a setback, despite receiving strong support from the wider community.
Solana Inflation Reduction Proposal Fails Despite Strong Community Support
A proposal to reduce Solana’s inflation rate via staking rewards, known as SIMD-0228, has failed despite receiving strong support from the community. Over 281 quadrillion votes, representing a 74% turnout, were cast in the voting process. However, small validators holding a maximum of 500,000 SOL opposed the proposal, with over 60% voting against it. The opposition from small validators is unsurprising as they would have been most affected if the proposal had passed.
Solana ($SOL) Struggles Below Resistance – Will It Rebound or Decline Further?
Solana ($SOL) has seen a significant price drop of 35.61% in a single month, reaching its lowest levels in February 2024. The coin is currently trading at $124.79 with a 24-hour change of +0.51%. The market cap is $63,542,026,944.6, with a 24-hour volume of the same amount. The total and circulating supply of $SOL is 596,189,668.54 SOL. The recent reddish behavior of the coin suggests that it may fall below the $100 level.
Solana Investors Panic Sell—Is XYZVerse the Ultimate Replacement With a 30,000% Potential?
Investors are swiftly selling Solana (SOL) as unexpected market changes spark concern. At the same time, XYZVerse is drawing attention with astonishing predictions of a potential 30,000% return. Could this new contender become the next major player in digital assets? These developments open up intriguing possibilities.
Solana [SOL] Trading Volume Hits 2024 Low, Price Declines
Solana has seen a significant decline in trading volume, hitting its lowest level of 2024. The SOL price has dropped by 36% over the past month, and market sentiment hints at a further decline. Analysis reveals a hike in SOL outflows, and momentum has fallen massively as SOL weakens. The total value locked (TVL) could further impact SOL’s price if it continues to fall.
