Osmosis wants to stop printing $OSMO , and the market didn't wait for the vote. đłïž
The proposal to end OSMO inflation goes on-chain tomorrow, October 20. If it passes, the mint module stops issuing new tokens, staking rewards come only from protocol revenue, and daily developer vesting pauses with 51.9 million OSMO left in the module needing a separate vote to release. The burn already removes roughly 2% of supply a year, so with no new issuance the supply starts shrinking.
$OSMO is 0.0599 USDT, +40.28% in the last 24 hours and +51.26% on the week, on 6M USDT of volume. Bitcoin at 82,248 is +1.30% today and -0.49% on the week, so this is an Osmosis move, not the tide. đ„
Where it sits: 0.0599 is about three quarters of the way up the 0.0423 to 0.0649 range, already nearly 8% off the high. A 40% day on 6M of volume is extended, and chasing it here carries real risk, because tomorrow the rumour turns into a vote and the chart has to stand on its own. The level I'm watching is 0.0649, the 24h high, and whether it gets reclaimed once the proposal lands, not a target. đ
Today's data says the supply story is real and dated, but the price has already paid for most of it.
#OSMO #Osmosis #Tokenomics #GovernanceVote
The proposal to end OSMO inflation goes on-chain tomorrow, October 20. If it passes, the mint module stops issuing new tokens, staking rewards come only from protocol revenue, and daily developer vesting pauses with 51.9 million OSMO left in the module needing a separate vote to release. The burn already removes roughly 2% of supply a year, so with no new issuance the supply starts shrinking.
$OSMO is 0.0599 USDT, +40.28% in the last 24 hours and +51.26% on the week, on 6M USDT of volume. Bitcoin at 82,248 is +1.30% today and -0.49% on the week, so this is an Osmosis move, not the tide. đ„
Where it sits: 0.0599 is about three quarters of the way up the 0.0423 to 0.0649 range, already nearly 8% off the high. A 40% day on 6M of volume is extended, and chasing it here carries real risk, because tomorrow the rumour turns into a vote and the chart has to stand on its own. The level I'm watching is 0.0649, the 24h high, and whether it gets reclaimed once the proposal lands, not a target. đ
Today's data says the supply story is real and dated, but the price has already paid for most of it.
#OSMO #Osmosis #Tokenomics #GovernanceVote