$NEAR Down 18% on the Week After Holders Approve an Inflation Cut
What happened?
HSP-029 passed with 99.9% of participating votes: NEAR's max annual issuance drops from 2.5% to 1.6%, phased in over 24 months.
When does it start?
A 14-day Security Council veto window, then a 90-day grace period, plus a validator upgrade.
How did price react?
Sell the news: -7% on Nov 3, now ~$3.83, -18.5% on the week.
Bearish short term. I expect a retest of the $3.69 weekly low while NEAR stays under $4.04.
Not financial advice. DYOR.
What happened?
HSP-029 passed with 99.9% of participating votes: NEAR's max annual issuance drops from 2.5% to 1.6%, phased in over 24 months.
When does it start?
A 14-day Security Council veto window, then a 90-day grace period, plus a validator upgrade.
How did price react?
Sell the news: -7% on Nov 3, now ~$3.83, -18.5% on the week.
Bearish short term. I expect a retest of the $3.69 weekly low while NEAR stays under $4.04.
Not financial advice. DYOR.
