Solana price is under immense sales pressure and slips below 130 US dollars. Is this proposal that SOL -Inflation wants to go through?
SOlana did not escape the brutal downturn of the cryptoma market. Few coins exceed Bitcoin with exceptions such as Pi Network that continues to drive the hype of his Mainnet start.
Together with other top 10 old coins, Solana, Ethereum, Tron, Cardano and even Bitcoin have replaced double -digit percentages In the past trade week. This sale has slowed down the activity in its blockchains.
– Price market capitalization – – – 24h 7d 30d 1y all time log
At Solana, for example, the income from smart contract deployments and transfers has decreased-a trend that probably remains when the SO prices of all-time highs decrease.
The sale: Meme Coin Mania Over?
Solana is currently under $ 130, which declined by almost 55% of around 295 US dollars in January 2025. The prices rose briefly to this record and exceeded heights in 2021 after Donald Trump introduced his meme coin. Since then, however, the coin has been on a downward slide.
(Solusdt)
The drop partially reflects Bitcoin's unexpected burglary from $ 100,000 to less than 90,000 US dollars and releases itself at Spot prices of around 83,500 US dollars. Closing is the fading Meme -Münzrausch.
Pump.fun metrics show fewer tokens that are completed at raydium listings and a decline in the new coin launches, which reduces the demand for SOL and increases pressure on the price. It was even worse for some of the best Meme coins because the demand for Solana slowed down.
The broader market capitalization has decreased by 8.8% to 2.75 trillion dollars, which reflects this bearish mood.
In the middle of these challenges there is a glimmer of hope. SIMD-0228 suggests To contain Solana's circulation supply over time and offer a potential lifebuard for Sol owners.
SIMD-0228: An inflation plan from Solana (Sol)
SIMD-0228 was introduced by Tushar Jain and Vishal Kankani, who were introduced by Multicoin Capital Executive Tushar Jain and Vishal Kankani, and tries to shift Solana from his fixed inflation plan to a dynamic, market-oriented model.
Today @kankanivishal and I have published a proposal for Solana improvements to reduce Solana inflation.
When Solana matures, Stakers Sol deserve increasingly by mechanisms like Mev. This income current reduces the historical, exclusive dependency of the network on token emissions in order to gain a participation.
– Tushar Jain (@tusharjain_) January 16, 2025
Solana has been pursuing a predictable inflation path since his start of 2020: from 8%, it drops by 15%annually and targets a long -term rate of 1.5%.
Nowadays, inflation is 4.7%, with most new SOL reward -validators and resources. The has passed on the circulating supply to 498 million Now.
(Source)
When approval in early March, SIMD-0228 will combine the exhibition from the participation in the participation and aim at a 50% setting rate.
In contrast to Ethereum, Tron or BNB chain, there is no direct token burn.
Instead, If the deposits exceeds over 50%, the output drops, potentially to 0%. Vice versa if Laying off falls below 50%, the output increases to promote the setting.
The Could reduce inflation to less than 1%, from 4.7%, a sharp reduction that favors owners compared to validators who now earn both from BLOCK REWARDS and MEV, for example from Jito tips. By containing the future offer, SIMD-0228 could strengthen prices when Sol becomes scarce and influenced It is Supply and demand dynamics.
At the time of the press, Sol has support for $ 130 and resistance at $ 175, which are blocked in a bearish outbreak. If the prices before the vote in March slide below 130 US dollars -and before the FTX discount discharges 11.2 million Sol on March 1st -Sol could crash to $ 100 in a continued bear trend.
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Solana falls below 130 US dollars, is this proposal approved?
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Solana falls quickly. At the time of the press, Sol is below 130 US dollars
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Inflation has fallen, but this proposal is given the nod from the community
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Will Sol bounce higher with lower inflation in March?
The article there is a plan to reduce the inflation of Solana (SOL): Will it be sailed? First appeared on 99bitcoins.
