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Injective community voting has approved a key proposal with a approval rate of 99.89%. According to this proposal, the network will initiate a $INJ token supply reduction plan in the new development phase. This move reflects the project's optimization adjustments to the tokenomics model, aiming to strengthen long-term value capture through a deflationary mechanism. In the current environment of intensified DeFi ecosystem competition, Injective consolidates community consensus through on-chain governance to promote such strategic reforms. The market is generally focused on how these supply-side changes will impact token performance.
The old story of reducing supply—every time they say it has long-term deflationary value. But what’s the reality? Just a routine, it all depends on when the main players start dumping.
Still talking about this at midnight, it shows something’s about to go wrong.
Reducing supply is meant to pump the price, don't get caught off guard everyone.
Deflation is deflation, but the key is whether the technicals can hold the support level.
The project team is playing tricks again, I’m optimistic but I don’t dare to hold a heavy position.
This rebound has some substance, but risk control comes first.
Warning! Those chasing the high are all trapped, wait for the bottom to form before buying in.
99.89%, this consensus is too fake... I always feel like there's a whale manipulating behind the scenes.
Reducing supply sounds good, but historically, this approach has limited help for the price.
If someone takes the buy-in, it goes up; if no one buys, it crashes. I’m just watching how you guys cut the leeks.
Everyone stay calm, DeFi is so competitive now, simple supply-side reforms can't save INJ.