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Kraken Backs Solana Inflation Reform Proposal

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Kraken, the cryptocurrency exchange, has recently announced its support for the inflation reform proposal on Solana.

The proposal, which was voted on in the final hours before the deadline, saw Kraken switch to a 'yes' vote and shift the balance in favor of the $SOL token, currently priced at $105.29.

Despite a high level of support with 65.15% in favor, the proposal fell short of the required 66.67% threshold for approval.

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