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Will Solana Price Skyrocket As VanEck Backs Proposal to Slash Inflation?

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Summary
Nutrition label

64% Informative

VanEck has said that a new proposal to slash SOL inflation will bode well for Solana price.

The SIMD 0228 proposal will reduce the annual inflation rate from 4.7% to 1.5% .

The proposal will commence voting on March 6, 2025 , and if implemented, it could reduce Solana ’s supply significantly and drive price growth.

At press time, SOL trades at $ 146 after a 3.3% rise in 24 hours .

VR Score

44

Informative language

33

Neutral language

19

Article tone

formal

Language

English

Language complexity

41

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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