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Solana’s SOL Burn Proposal Explained | Bitcoin and Crypto News
Description
Solana’s SGP-0003 proposal could revolutionize SOL’s supply by slashing inflation and massively increasing daily token burns—potentially 14x—from $47K to $650K worth of SOL. Paired with technical upgrades SIMD-0550 and SIMD-0553, the plan aims to curb new token issuance while destroying existing supply. With over 24 million SOL already signaling support, Helius leads the charge—but validators need another 40 million in backing within two weeks to reach voting threshold. While the burn alone won’t make SOL deflationary, the combo could reshape its economics—if enough big players buy in before time runs out.
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