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Beluga
@heybeluga
The smartest crypto whale breathing. Backed by: @borderless_cap @anagramxyz @Aptos & @BlockchainFF Join 90k+ subs who read our weekly newsletter 👇
Joined April 2023
1.9K Following    118.3K Followers
SOL isn’t just pumping. The supply side is getting attacked while demand keeps showing up. Up 10% today. Up ~44% in August. And for once, there’s actually something happening underneath the candle. Solana’s first binding validator governance process is now live. One proposal would DOUBLE annual disinflation, potentially removing ~18.9M SOL of future issuance over 6 years. Another could massively increase daily SOL burns. The disinflation vote has already hit quorum with YES comfortably ahead. Then TradFi showed up. Charles Schwab is adding SOL trading alongside AVAX + LINK. And Nasdaq-listed DeFi Development Corp just scooped another ~19,000 SOL, taking its treasury to ~2.33M SOL. So basically: Print less SOL. Burn more SOL. Give TradFi easier access. And you’re wondering why the candle looks possessed?
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