SOLANA SLIPS TO $76.60 AS GOVERNMENT PROPOSALS ADVANCE!
Solana is trading near $76.60. Two major governance proposals — SGP-0002 and SGP-0003 — have passed the 15% stake threshold and entered the discussion phase ending August 22.
🔥 What's Being Proposed:
· SGP-0002: Doubles the annual disinflation rate from 15% to 30% — cutting SOL issuance by ~18.9M tokens ($1.39B) over six years
· SGP-0003: Introduces resource-based fees — daily SOL burns could surge from 648 SOL to 7,500–9,000 SOL — a 1,200% increase
⚠️ Galaxy Research Warning: Analyst Lucas Cheyan notes that lower supply alone won't lift prices — demand must also grow.
$SOL
Key Level: Resistance at $77**; support at **$76.
#Solana #SOL #Tokenomics #Governance #Altcoins
Solana is trading near $76.60. Two major governance proposals — SGP-0002 and SGP-0003 — have passed the 15% stake threshold and entered the discussion phase ending August 22.
🔥 What's Being Proposed:
· SGP-0002: Doubles the annual disinflation rate from 15% to 30% — cutting SOL issuance by ~18.9M tokens ($1.39B) over six years
· SGP-0003: Introduces resource-based fees — daily SOL burns could surge from 648 SOL to 7,500–9,000 SOL — a 1,200% increase
⚠️ Galaxy Research Warning: Analyst Lucas Cheyan notes that lower supply alone won't lift prices — demand must also grow.
$SOL
Key Level: Resistance at $77**; support at **$76.
#Solana #SOL #Tokenomics #Governance #Altcoins