Solana's new proposal (SGP-0003) would hike daily SOL burns from $47,000 to $650,000.
This isn't just a fee overhaul. It doubles the disinflation rate, hitting the 1.5% terminal inflation target by 2029—three years early. The catch? It needs 40 million more SOL in validator support in two weeks to even get to a vote.
The market is in extreme fear (25 on the Fear & Greed Index). But this supply-side tightening is a real tailwind for SOL. Even at 9,000 SOL burned daily, that's against 60,000 SOL of daily inflation. The immediate effect is about narrative and future supply. The real test: validator backing.
If $SOL reclaims 75.29, this proposal has legs. If it loses 70.58, it's dead.
$SOL
This isn't just a fee overhaul. It doubles the disinflation rate, hitting the 1.5% terminal inflation target by 2029—three years early. The catch? It needs 40 million more SOL in validator support in two weeks to even get to a vote.
The market is in extreme fear (25 on the Fear & Greed Index). But this supply-side tightening is a real tailwind for SOL. Even at 9,000 SOL burned daily, that's against 60,000 SOL of daily inflation. The immediate effect is about narrative and future supply. The real test: validator backing.
If $SOL reclaims 75.29, this proposal has legs. If it loses 70.58, it's dead.
$SOL