Solana SIMD-0228, the proposal seeking to reduce the inflation rate on the network, has failed despite massive support from several stakeholders in the community. Following several days of voting, the proposal got 61.39% of votes, less than the 66.67% required to pass the proposal.

With Bitcoin on the verge of a breakout (or rejection), the altcoins are starting to stir. The altcoin market cap could already have bottomed.

TL;DR Proposal Rejected: Solana voters turned down the SIMD-228 proposal, opting to keep the fixed inflation model for SOL tokens. Dynamic Model Idea: The proposal aimed to adjust inflation based on staking rates, potentially making the inflation rate inversely related to staking participation.

Solana's network activity has sharply declined in recent weeks. This has resulted in a significant drop in its total value locked (TVL), which has now fallen to its lowest level since the beginning of the year.

According to Ali, a crypto analyst, Solana, the sixth largest cryptocurrency by market capitalization, might be shaping up into a textbook cup-and-handle pattern, a bullish technical formation that resembles the shape of a teacup, with the "cup" forming a rounded bottom and the "handle" creating a slight downward drift before an upward breakout.

What's next for Solana after community rejected its 80% inflation cut proposal?

Solana (SOL) has formed a classic cup and handle pattern which has a massive target of $3,800 according to analyst Ali Martinez.

BlackRock is likely to file for both Solana and XRP exchange-traded funds, according to Nate Geraci, president of The ETF Store. In a Mar.

The SIMD-228 proposal to reform the inflation rate failed to pass in the voting system. The proposal aimed to change the inflation system from pre-set to a dynamic based on staking participation.

Solana transfer volume has hit a volume of $3 billion for the first time since Sept. 2024, suggesting massive adoption.

This week, we examine Ethereum, Ripple, Cardano, Solana, and Hyperliquid in greater detail. Ethereum (ETH) Ethereum fell by 13% this week after the price failed to hold above $2,000.

The crypto market had a mixed day as price action varied across cryptocurrencies. Bitcoin (BTC) continues to struggle, briefly dipping below $80,000 before recovering and moving to its current level.

Solana's price struggles below $125 as FTX liquidations continue to add selling pressure, with 5.5 million SOL tokens still at risk of entering the market.

SIMD-228, a proposal seeking to reduce SOL inflation rate by 80%, failed to meet the required vote threshold for approval after many small validators voted against it. According to SIMD Vote Status, 61.

SIMD-228 sought to reduce SOL token inflation by introducing a dynamic emissions model based on staking participation.

Will SOL defend the 2024 support of $120 as market uncertainty persists?

A proposal to dramatically change Solana's inflation system has been rejected by stakeholders but is being hailed as a victory for the network's governance process.“Even though our proposal was technically defeated by the vote, this was a major victory for the Solana ecosystem and its governance process,” commented Multicoin Capital co-founder Tushar Jain on March 14.

Solana's price has recently dropped below the $125 support level, causing concern among investors and market watchers. The drop comes amid large transactions involving wallets linked to FTX and Alameda Research.

A death cross, a serious bearish signal that could threaten Dogecoin's price momentum, has officially formed. A prolonged period of downward pressure is frequently indicated by this technical pattern, which arises when the 50-day moving average crosses below the 200-day moving average.

The upcoming launch of Solana (SOL) futures on the Chicago Mercantile Exchange (CME), a US derivatives exchange, signals that the first US SOL exchange-traded fund (ETF) listings are coming soon, Chris Chung, founder of Solana-based swap platform Titan, told Cointelegraph. On March 17, CME is preparing to launch SOL futures contracts.

The Solana price is seemingly on the verge of another major crash, as an analyst forecasts a correction to $90. Given the cryptocurrency's recent slow momentum due to the ongoing market letdown, an additional 26% decline to new lows could significantly impact the future outlook of Solana.

Solana has edged up 0.3% in the past 24 hours, trading at $125.94, as the market works to recover from recent losses.On Wednesday, the Chicago Board Options BZX Exchange submitted an application on behalf of Franklin Templeton to list a Solana-linked exchange-traded fund (ETF).

Top meme coins are bouncing as the broader market chops. Dogecoin is roughly flat, but Popcat and others are rising on Robinhood listings.

Solana (SOL) price completed a “death cross” on the one-day chart on March 12, as the altcoin consolidated near its long-term support level at $125. This could potentially accelerate the SOL price sell-off in the near term for a drop below $100 for the first time since February 2024.

As the market continues to be in a downtrend, a newly created crypto wallet has made a big bet on Solana (SOL), setting an ideal example of the “buy the dip” strategy.

The cryptocurrency space is whizzing with opportunities, and Ripple (XRP) and Solana (SOL) have been frontrunners in capturing investor interest. Both tokens have carved out their places as reliable assets with strong use cases. But while these projects shine in their own right, a new player is positioning itself as the ultimate game-changer.

Solana (SOL) has gone down by 1.5% in the past 24 hours and currently stands at $126.7 per coin as sellers appear to have taken a breather after last week's fire sale.

A widely followed analyst is leaning bullish on Solana (SOL) over the long term amid an upcoming upgrade. In a new video, the analyst pseudonymously known as InvestAnswers tells his 563,000 YouTube subscribers that a proposal to reduce Solana's inflation rate by around 80% at the end of Epoch 755 heightens Solana's bullish prospects.

The crypto market is eagerly awaiting next week's FOMC meeting after CPI data revealed that inflation had fallen to 2.8%. Traders are now watching for signals and remarks by Fed committee members on interest rates, which could spike the crypto market volatility.

The latest report from CryptoDiffer highlights the most used dApps in the last 30 days, with Solana remaining the most chosen network.

The crypto market remained flat for most of the day after a brief rally following better-than-expected inflation data quickly lost steam. Bitcoin (BTC) briefly rose above the $84,000 mark after the US CPI Report but fell flat later in the day, dropping below $84,000.

There are, however, no signals indicating a concrete probability of a rebound in the short term.

If approved, the proposal could lead to a sharp reduction in the SOL inflation rate, potentially boosting the token's value.

Solana (SOL) has seen a nearly 40% retrace over the past month, losing key support levels since February. As its price retests a key horizontal level, some analysts warn of a potential 50% correction to a yearly low.

Donald Trump's tariffs and their uncertainties have led to higher odds of a recession in the US and other countries. PIMCO analysts have boosted their recession odds to 35%, and the Atlanta FedNow tool estimates that the economy will contract in Q1.

Solana (SOL) has faced significant price challenges in recent weeks, with a notable drawdown that has left it struggling to recover.

Binance CEO Richard Teng on Thursday expressed optimism that the pro-cryptocurrency policies introduced by U.S. President Donald Trump will inspire a wave of similar regulatory shifts worldwide. What Happened: Speaking at the CONVERGE LIVE event in Singapore on Thursday, Teng highlighted a dramatic change in the global financial landscape, noting that the United States, the world's largest economy, is now openly supporting digital currencies after years of regulatory uncertainty and skepticism under the previous administration.

Defunct FTX and its affiliate, Alameda Research, have unstaked and transferred 185,345 Solana (SOL), valued at $22.9 million, to 38 wallets within the past day, according to blockchain analytics platform SpotOnChain.

Many digital currencies are in consolidation mode, with Solana (SOL) fighting to stay above the $124 support zone. While the extreme sell-off has faded, Solana was changing hands for $124.26, up by a marginal 0.16% in 24 hours.

The major layer 1 networks have all hit major support levels. If crypto is to recover, the likes of Ethereum (ETH), Solana (SOL) and Sui (SUI) will need to reverse their downtrends and rally, potentially into the backend of 2025.

Solana has plunged 24.5% over five days to seven-month lows around $115 amid massive short-selling and key support levels breaking, with further decline to $99 possible without increased demand.

Thanks to its cheap fees and nearly instantaneous transactions, Solana (SOL -0.21%) has a strong edge over its larger competitor Ethereum in the race to become the leading blockchain for developing artificial intelligence (AI) agents and related applications. It will likely capture a bigger helping of the market for such tokens during the coming year or so.

Arkham Intelligence has revealed that FTX/Alameda redeemed 185,328 SOL from staking a few hours ago. The now defunct company also distributed approximately $22.89 million in digital assets to 38 addresses.

A section of the Solana community has criticized the SIMD-228 proposal, citing high centralization risk. The proposal seeks to reduce the asset inflation rate by 80% by moving from a fixed-rate token emission to a market-based model.

Solana price is flashing bearish signals after decentralized exchange (DEX) volumes on the network plunged by $90 billion in just two months. This decline in activity has raised concerns about weakening demand, which could precede a significant sell-off.

Alameda Research has unstaked $23 million worth of Solana (SOL), distributing it to 38 addresses linked to FTX. On-chain data from Arkham Intelligence confirms that these addresses, which have historically transferred SOL to major exchanges like Coinbase and Binance, now hold approximately $178.82 million in SOL.

Solana started a recovery wave above the $120 resistance zone. SOL price is now consolidating and might struggle to recover above the $132 resistance.