NEAR token drops 7% amid proposal to reduce new supply

A proposal to cut the annual issuance of new NEAR tokens has passed. Over the next two years, 11.8 million tokens worth about $45 million at current prices will not enter circulation. The NEAR token has sunk 7%. Why it matters: supply adjustments can shift market dynamics, but the immediate price drop suggests investors may have different views on the change's impact.

What do you think drives token price reactions to supply changes like this one?

#nearprotocol #tokenomics #cryptonews