$OSMO price movement tracking
Up 7.71% in 5 minutes (up 8.79% in 24h), current price $0.0433, 24h trading volume $3.62 million
The Osmosis community is discussing a governance proposal to “end OSMO inflationary issuance,” which would stop daily minting by the mint module (with staking rewards instead funded by protocol revenue). On-chain voting is scheduled for October 20. The proposal would also pause developer unlocks and reduce the validator set to 30, with an annual burn rate of about 2%—expectations of tighter supply are fueling buying interest.
The 24h high of $0.054 is strong short-term resistance. If the price holds around $0.043, it may continue climbing ahead of the vote; however, the proposal has yet to be finalized, and the risk of it failing the vote should not be overlooked. In the short term, watch whether $0.0375 (the 24h low) is breached; a break below would invalidate the price move.
Up 7.71% in 5 minutes (up 8.79% in 24h), current price $0.0433, 24h trading volume $3.62 million
The Osmosis community is discussing a governance proposal to “end OSMO inflationary issuance,” which would stop daily minting by the mint module (with staking rewards instead funded by protocol revenue). On-chain voting is scheduled for October 20. The proposal would also pause developer unlocks and reduce the validator set to 30, with an annual burn rate of about 2%—expectations of tighter supply are fueling buying interest.
The 24h high of $0.054 is strong short-term resistance. If the price holds around $0.043, it may continue climbing ahead of the vote; however, the proposal has yet to be finalized, and the risk of it failing the vote should not be overlooked. In the short term, watch whether $0.0375 (the 24h low) is breached; a break below would invalidate the price move.