$SOL SOL has just completed the very first on-chain vote in history—so close to failing!
There’s a proposal called SGP-0002 to double the inflation reduction rate from 15% to 30%, and it needs 67% support to pass. In the end, it squeaked through with 67.001%!
With only 70 minutes left before the voting deadline, it was still short. Then a validator associated with Kraken flipped at the last moment—pulling the support just enough to barely get it over the line.
So what does this mean? Over the next six years, SOL’s issuance will be reduced by 18.9 million coins, worth $2 billion! Supply will be directly tightened.
On the other side, institutions are going crazy trying to buy. Total inflows into Solana ETFs have reached $1.34 billion, and the staked ETF size has surpassed $1 billion. Charles Schwab and Goldman Sachs are buying, buying, buying. Even bigger whales are more ruthless—over the weekend they dumped nearly $30 million into buying and withdrew 318,000 SOL from exchanges!
Network performance has also gone off the charts. Block time has been cut from 400 milliseconds to 350 milliseconds. The network processed 1.32 billion transactions in a single week, setting a new all-time high!
With these three tailwinds resonating at once, that’s how “big bro” does it—always calm and never rushed, just taking it slow. And if you’re one of the fans who got stuck with a cost basis around 110, you definitely need to hold on—it’s absolutely possible to break even. Don’t let the market wash your position out first. Everyone’s position and situation are different. If you can’t clearly see the support and the exact entry points, 👇 come chat in my group below to get real-time info gaps 👇#sol
There’s a proposal called SGP-0002 to double the inflation reduction rate from 15% to 30%, and it needs 67% support to pass. In the end, it squeaked through with 67.001%!
With only 70 minutes left before the voting deadline, it was still short. Then a validator associated with Kraken flipped at the last moment—pulling the support just enough to barely get it over the line.
So what does this mean? Over the next six years, SOL’s issuance will be reduced by 18.9 million coins, worth $2 billion! Supply will be directly tightened.
On the other side, institutions are going crazy trying to buy. Total inflows into Solana ETFs have reached $1.34 billion, and the staked ETF size has surpassed $1 billion. Charles Schwab and Goldman Sachs are buying, buying, buying. Even bigger whales are more ruthless—over the weekend they dumped nearly $30 million into buying and withdrew 318,000 SOL from exchanges!
Network performance has also gone off the charts. Block time has been cut from 400 milliseconds to 350 milliseconds. The network processed 1.32 billion transactions in a single week, setting a new all-time high!
With these three tailwinds resonating at once, that’s how “big bro” does it—always calm and never rushed, just taking it slow. And if you’re one of the fans who got stuck with a cost basis around 110, you definitely need to hold on—it’s absolutely possible to break even. Don’t let the market wash your position out first. Everyone’s position and situation are different. If you can’t clearly see the support and the exact entry points, 👇 come chat in my group below to get real-time info gaps 👇#sol
