$SOL This latest surge isn’t happening for no reason. Today’s biggest event is the vote on the SGP-0002 “Double Deflation” proposal—only about 12 hours remain until the voting deadline. The proposal, initiated by Helius, recommends increasing Solana’s deflation rate from -15% to -30% to accelerate the reduction of network inflation. As of now, the voter turnout is 47.29%, and the approval rate is as high as 68.58% (1.406 hundred million SOL in support). Major validators such as Helius and Jupiter have all voted in favor. Once approved, it will reduce the issuance of roughly 18.9 million SOL over the next six years. At the same time, the SIMD-553 proposal (already approved) will increase the amount of $SOL burned per day from 650 tokens to as high as 9,000, boosting it by over tenfold. A significantly tighter supply-side outlook is the core logic behind the frenzy of inflowing capital. On-chain, “smart money” activity is also evident—an $SOL whale that had been dormant for two years has returned, placing a $9.74 million purchase for 95,928 SOL in a single order.
