Solana whales just triggered a countdown that could skyrocket SOL’s daily burn rate by over 1,200%

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The SGP-0002 and SGP-0003 proposals have crossed the 15% stake support threshold on Solana, triggering a countdown for the discussion period to end on August 22. SGP-0002 aims to double the annual disinflation rate from 15% to 30%, reaching the 1.5% terminal rate in about 2.8 years instead of 5.7 years, with approximately 18.9 million fewer SOL issued over six years. SGP-0003 would burn resource fees entirely, with daily burns estimated at 1,500 to 1,800 SOL at the first rate and 7,500 to 9,000 SOL at the terminal rate, compared to approximately 648 SOL currently. Helius (16 million SOL) and Jupiter (12.47 million SOL) are the leading named supporters, but a governance vote remains necessary before implementation.

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Telemac
Telemachttp://cryptoinfo.ch
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