Solana SOL Token Holds Above Key Moving Averages Amid Double Disinflation Proposal
Solana's SOL token has shown resilience in recent days, maintaining its position above key moving averages and trading at $105.07, up 1.63% on the day.
The latest development for Solana is the passage of the SGP-0002 'Double Disinflation' governance proposal, which accelerates the annual disinflation rate to 30% and expedites the move toward a long-term 1.5% inflation target.
This structural change directly reduces future SOL issuance, tightening circulating supply and providing a clear supply-side catalyst for price appreciation.