Home›Crypto›Market Structure›Solana climbs more than 8% in a day amid governance vo…

Solana climbs more than 8% in a day amid governance vote

Solana is up over 44% for the month, according to Decrypt, as upcoming network governance changes could affect token supply dynamics.

Reported · Written up by our desk · Market Structure

Solana is seeing a sharp rise in trading, gaining more than 8% over the past 24 hours, according to Decrypt.

The broader move is even more pronounced on a month-to-date basis, with Solana up 44% in the period.

Decrypt also points to an upcoming governance vote on the network, noting that changes expected from the process could contribute to a supply squeeze dynamic.

The report frames Solana’s run as the combination of near-term price momentum and governance-driven developments that may influence how supply moves.

Latest closeSolana $106.49 ▲0.9%

More like this

Sources