Solana just ran its first on-chain vote and the results are in:
→ Supply reduction plan got 68.77% support
→ Token burn mechanism? Failed to hit quorum
Community wants less $SOL floating around, but couldn't agree on the burn path. Classic DAO gridlock.
This matters because supply dynamics directly impact price action. If they eventually push through a reduction without burns, we're looking at slower inflation but no deflationary pressure.
Watch how validators and whales vote next round. The 68% shows intent, but execution is what moves markets.
→ Supply reduction plan got 68.77% support
→ Token burn mechanism? Failed to hit quorum
Community wants less $SOL floating around, but couldn't agree on the burn path. Classic DAO gridlock.
This matters because supply dynamics directly impact price action. If they eventually push through a reduction without burns, we're looking at slower inflation but no deflationary pressure.
Watch how validators and whales vote next round. The 68% shows intent, but execution is what moves markets.