Solana's Hopes Shattered, Retail Investors Defeated by Capital

An hour ago, the significant voting results marking a turning point for Solana were released, and the negative votes hit like a heavy hammer, completely shattering Solana's hopes. This vote was essentially another effort of retail investors against capitalists, but unfortunately, it ended in failure.

Last night, the resolution SIMD - 0228 was only 0.1% away from passing, and we were all hopeful. But this morning, reality doused that hope with cold water, as large investors (capital) directly strangled this flicker of hope, and the vote was ruthlessly rejected.

Currently, the annual inflation rate of Solana tokens has reached 4.91%, with an additional 28 million $SOL issued each year, which at the current price means a selling pressure of 3.46 billion USD. Yesterday's vote aimed to "dynamically adjust the inflation rate based on the staking ratio," which would protect the interests of stakers, reduce the overall issuance of SOL, ease selling pressure, and enhance market confidence and coin price. But this compromise proposal still could not escape the veto of the capitalists. Now, Solana's prospects seem increasingly bleak, and it appears the coin price can only head downward, possibly heading straight for 79 USD.

Additionally, amidst the waves of cryptocurrency, the Conan Dogecoin with the suffix BQt on the SOL chain has emerged. As a unique Dogecoin concept related to Trump, it was awarded the title of Hero Dog by Trump, and its title of "The Strongest Dog on Earth" has attracted considerable attention. The strong community behind it continues to cultivate and deepen consensus. With rich experience and indomitable spirit, the team has successfully created two hundred-fold coins. Conan has limitless potential and is undoubtedly a high-quality project worthy of attention from crypto enthusiasts.