Solana proposes token burn mechanism

Solana developer cavemanloverboy proposed SIMD-0547 to burn 100% of transaction fees, aiming to increase daily SOL burns from 648 to 1,500–1,800. Supported by Anatoly Yakovenko and Solana Foundation.

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SOL/USDT
92.08-0.42%
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Profit Outlook
Bullish

$RENDER is looking prepared to test the key resistance of an Ascending Triangle on the 1D chart. 📈

A successful breakout and confirmation above this zone could open the door for a strong 70-80% bullish move in the mid-term. Volume is gradually building, and market structure remains constructive.

As long as support holds, bulls stay in control. Keep this one on your watchlist — a major move could be closer than many expect. ✍️ $CHZ

#Solana proposes token burn mechanism

#Ethereum funds unlocked via exploit

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aziz7860

$BTC /USDT – 1H Chart Analysis


Current Price: $70,993.4 (-3.94%)


Key Levels


· Resistance: $71,387 / $72,833 / $74,200

· Support: $70,100 / $69,941


Moving Averages (Bearish)


· EMA5: $71,019

· EMA10: $71,217

· EMA30: $72,024

Price is trading below all three EMAs. Strong bearish structure confirmed.


RSI (Weak, Near Oversold)


· RSI(6): 39.2

· RSI(12): 34.7

· RSI(24): 34.6

All below 40, indicating weak momentum. RSI(6) nearing oversold but not there yet.


Volume: 4.97K BTC ($357.1M) – moderate.


Outlook

BTC is in a strong downtrend. Price broke below $71k and is testing $70,100 support. First resistance is at EMA5 ($71,019). Support sits at $70,100. RSI shows weakness, with room for further downside. A break below $70,100 could push toward $69,941. Trend remains bearish until price reclaims EMAs.


Bias: Bearish below EMAs.

#Solana proposes token burn mechanism

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Alex Marzell

solana:So11111111111111111111111111111111111111112 barely moved today and thats kind of the story ⚡ down 1.4% while btc and eth are bleeding harder. quietly holding $80. couple things i keep noticing: - solana ETF assets crossed $1B - big banks are routing tokenized funds and payments through it now not the memecoin chain people still think it is. if $80 holds while everything else flushes thats relative strength worth respecting. watching $84 to confirm.

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Let’sGrooow

$wLUNA $btc solana:3NZ9JMVBmGAqocybic2c7LQCJScmgsAZ6vQqTDzcqmJh this feels like 2022 all over. And I believe it is. We can no longer commit fraud using intangible synthetic assets wrapped into a lie as 1:1.

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👀

Solana reposted this btw solana:EN2nnxrg8uUi6x2sJkzNPd2eT6rB9rdSoQNNaENA4RZA is building inference capital markets for agents and you’re not buying at $6m??

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Loop

Guilty on all counts. It’s not that we don’t love to brag, but it would have felt weird posting “First on Solana” three or four times in one week. We actually shipped it. We just skipped the loud shouts and wrapped it in more casual, nerdy posts instead. We’ll try to do better

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Lauren

4.3 SOL back from the void and that kind of free reload only goes to $SOL first because i'd been watching the chart for days, added to $ALTSZN since i was already in and the dip looked too good, $VVV and $KEKIUS with the tail end before things get loud

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0xArife.ETH

The wild part isn't just unlabeled trails snapping preretail clusters before labels drop on Solana lowcaps. It's this unlabeled edge becoming the default alpha move instead of the exception. Smart money is already quietly building its own prediction maps on that trail data and within 30 days every lowcap deploy will be forecasted by tech not memes. The cycle flips completely and the industry runs on data driven foresight from now on.

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