SOLANA STUCK BELOW $75 — BUT GOVERNANCE PROPOSALS COULD TRIGGER SUPPLY SHOCK!
Solana is trading near $73–$74, still stuck in its tenth consecutive red monthly candle and down roughly 75% from its January 2025 peak. SOL is trading at a -0.61% discount in South Korea.
🔥 Supply-Side Catalysts:
· SIMD-0553 could increase daily SOL burns from ~650 SOL to 7,500–9,000 SOL — a 12–14x increase
· SIMD-0550 aims to accelerate inflation reduction, cutting issuance by ~18.9 million SOL (~$1.39B) over six years
· Support has reached 25–63 million SOL, approaching the 15% governance threshold. The deadline for full voting is August 18
Also: Solana's RWA ecosystem continues growing, but price remains disconnected from fundamentals. SOL ETF inflows were just $0.14 million this week — a fraction of BTC and ETH flows.
Key Level: Support at $72**; resistance at **$75.
$SOL
#Solana #SOL #Governance #Tokenomics #Altcoins
Solana is trading near $73–$74, still stuck in its tenth consecutive red monthly candle and down roughly 75% from its January 2025 peak. SOL is trading at a -0.61% discount in South Korea.
🔥 Supply-Side Catalysts:
· SIMD-0553 could increase daily SOL burns from ~650 SOL to 7,500–9,000 SOL — a 12–14x increase
· SIMD-0550 aims to accelerate inflation reduction, cutting issuance by ~18.9 million SOL (~$1.39B) over six years
· Support has reached 25–63 million SOL, approaching the 15% governance threshold. The deadline for full voting is August 18
Also: Solana's RWA ecosystem continues growing, but price remains disconnected from fundamentals. SOL ETF inflows were just $0.14 million this week — a fraction of BTC and ETH flows.
Key Level: Support at $72**; resistance at **$75.
$SOL
#Solana #SOL #Governance #Tokenomics #Altcoins