Osmosis (OSMO)
Up about 20.2% over the past 24 hours, with the current price around $0.0536. Trading volume on Binance was approximately $1.96 million, broadly in line with volumes over the past few days. Over the past 7 days, it remains roughly flat, with a slight bias to the downside.
As a catalyst, governance proposal #1053, “Terminate OSMO Inflationary Issuance,” passed on October 25 with approximately 91% approval. Daily token issuance will stop, staking rewards will instead be funded by protocol revenue, and developer vesting releases will be paused at the same time.
On the chart, the price surged from a daily low of around $0.0435 to a high of $0.056, then pulled back to about $0.0536, still well above the daily open. Going forward, watch whether volume picks up after issuance ends.
Up about 20.2% over the past 24 hours, with the current price around $0.0536. Trading volume on Binance was approximately $1.96 million, broadly in line with volumes over the past few days. Over the past 7 days, it remains roughly flat, with a slight bias to the downside.
As a catalyst, governance proposal #1053, “Terminate OSMO Inflationary Issuance,” passed on October 25 with approximately 91% approval. Daily token issuance will stop, staking rewards will instead be funded by protocol revenue, and developer vesting releases will be paused at the same time.
On the chart, the price surged from a daily low of around $0.0435 to a high of $0.056, then pulled back to about $0.0536, still well above the daily open. Going forward, watch whether volume picks up after issuance ends.