Solana’s native token surged as one of the recent top performers in the crypto market reaching a fresh seven month high above 105 before pulling back slightly. 🌙 This rally kicked off from under 75 amid key shifts across the Solana scene with the network leading the charge.
Inflation Rate Gets Dialed Up 🦇
Validators greenlit SGP-0002 to slash future SOL issuance by boosting the annual disinflation pace from 15 to 30 percent. The vote landed at roughly 67 percent just enough to clear the supermajority bar. Helius CEO Mert Mumtaz highlighted the razor thin win after hundreds of final hour calls.
Staking ETF Cracks Billion Mark 💀
Bitwise Solana Staking ETF crossed 1 billion in assets under management on Friday becoming the first such fund for the altcoin to hit that level. Launched last October the milestone arrived in about 10 months even as BSOL shares sit 40 percent below launch prices. It holds over 9.3 million SOL with full staking at a current 5.8 percent net reward rate.
Big Holders Load Up in Shadows 🕸️
Two major wallets pulled large SOL stacks off exchanges with one snagging nearly 3.9 million from Kraken and another moving around 30 million from Binance. View the update SOL climbed to a six month peak over 105 on Friday then eased yet stays above 100 after a 42 percent monthly run. Check the whale moves Some see room for more upside toward 150 or even 300.
Just another echo from the void by iconofsin.eth 💖
