🚨 $NEAR just bounced 5% off the lows, and holders are voting to cut new token issuance by more than a third. 👀
The proposal drops max annual issuance from 2.5% to 1.6% over 24 months. Voting closes Nov 2.
On the usage side, NEAR Intents has passed $32B in cumulative volume, and the team says over $8M has been captured for buybacks.
But price is still about 22% below the 6.00 high, under its 20-day EMA, with MACD still negative.
Less supply only helps if buyers show up. 🧐
Is a supply cut enough to bring demand back? 👇
#CryptoTrading #NEAR #NEARProtocol
DYOR | NFA
The proposal drops max annual issuance from 2.5% to 1.6% over 24 months. Voting closes Nov 2.
On the usage side, NEAR Intents has passed $32B in cumulative volume, and the team says over $8M has been captured for buybacks.
But price is still about 22% below the 6.00 high, under its 20-day EMA, with MACD still negative.
Less supply only helps if buyers show up. 🧐
Is a supply cut enough to bring demand back? 👇
#CryptoTrading #NEAR #NEARProtocol
DYOR | NFA