SOL whale transfers 198 million dollar assets Solana welcomes pledge mechanism reform proposal

On February 2nd and 26th, Onchain Lens, an on-chain monitoring institution, released 1.36 million SOL (about 198.67 million USD) pledged by an anonymous address and transferred it to the exchange's hot wallet, causing concerns about short-term selling pressure in the market. This large asset transfer coincides with the Solana governance proposal SIMD-0228 entering the community voting preparation stage. The proposal plans to adjust the SOL token publishing mechanism to a dynamic market-driven mode, with a core rule setting a 50% pledge rate as the baseline, and dynamically adjusting the pledge income through the increase or decrease of publish.

 

SIMD-0228 proposal details show that if the actual pledge rate of the network exceeds 50%, the system will automatically reduce the SOL publishing volume to reduce the pledge yield and suppress further pledge behavior; if the pledge rate is lower than 50%, the publishing volume will be increased to improve the yield and attract more coin holders to participate in the pledge. The proposal also stipulates that the inflation rate fluctuation range is 0% to the peak of the current publish curve, and the specific parameters need to be determined by node voting. The governance page reveals that the community will start the on-chain voting process within 10 days, and the final result will directly affect the long-term economic model of SOL.

 

The abnormal operation of the whale on the eve of the proposal vote may reflect the sensitivity of major players to mechanism adjustments. The Solana Ecological Development Document confirms that the new proposal aims to balance cyber security and token liquidity through economic leverage, but the specific implementation effect remains to be verified.