Solana Proposes MASSIVE Supply Tightening — Daily Burns Could Jump 14x!
🚨 Big news for SOL holders! The Solana community is advancing two governance proposals that could dramatically tighten SOL supply:
SIMD-0553 introduces a resource-based fee model that could raise daily SOL burns from ~650 SOL (~$47,000) to **7,500–9,000 SOL (~$650,000)** — a 14x increase.
SIMD-0550 aims to double the rate of SOL's annual inflation decrease, bringing the 1.5% minimum inflation target forward from 2032 to 2029 — reducing issuance by ~18.9 million SOL (~$1.36B) over six years.
⚠️ The Catch: Only 24.94 million SOL (5.8% of staked) has been pledged in support — far below the 15% threshold required for a formal vote. The support deadline is August 18.
Also: Solana activated its first slot time reduction to 350ms on testnet today as part of SIMD-0525, with mainnet deployment expected around August 17.
Price Action: SOL is flat near $73.60.
Takeaway: If these proposals pass, SOL could see serious supply-side pressure. Watch the August 18 deadline!
$SOL
#Solana #SOL #SupplyTightening #Governance #Altcoins
🚨 Big news for SOL holders! The Solana community is advancing two governance proposals that could dramatically tighten SOL supply:
SIMD-0553 introduces a resource-based fee model that could raise daily SOL burns from ~650 SOL (~$47,000) to **7,500–9,000 SOL (~$650,000)** — a 14x increase.
SIMD-0550 aims to double the rate of SOL's annual inflation decrease, bringing the 1.5% minimum inflation target forward from 2032 to 2029 — reducing issuance by ~18.9 million SOL (~$1.36B) over six years.
⚠️ The Catch: Only 24.94 million SOL (5.8% of staked) has been pledged in support — far below the 15% threshold required for a formal vote. The support deadline is August 18.
Also: Solana activated its first slot time reduction to 350ms on testnet today as part of SIMD-0525, with mainnet deployment expected around August 17.
Price Action: SOL is flat near $73.60.
Takeaway: If these proposals pass, SOL could see serious supply-side pressure. Watch the August 18 deadline!
$SOL
#Solana #SOL #SupplyTightening #Governance #Altcoins