nearproposal

NEAR proposal cuts issuance by 36%, price dips 2.9% – traders watch impact.

📌 What happened
The HSP‑029 proposal will trim NEAR’s annual issuance cap by 36% while keeping existing supply unchanged.

🔍 Why it matters
• Lower issuance could tighten token scarcity, supporting price.
• $NEAR fell 2.9% in 24h, showing immediate market reaction.
• 24h volume is 0.9× its 7‑day average, indicating reduced trading interest.

👀 What to watch
• Funding at -0.002% means shorts are paying longs, hinting at bullish pressure.
• Risk: Open interest dropped 10% in 24h, suggesting waning trader commitment.

💬 Bullish or bearish? One word.

#NearProposal #YieldCut