Influencer says ETH needs 'snail issuance' mechanism like BTC halving

Jeffrey Huang, a Taiwanese singer-turned-crypto influencer, stated on X that Ethereum needs a "snail issuance" mechanism, similar to Bitcoin's halving. The concept is currently a topic of debate among the Ethereum Foundation and its core researchers. It proposes adjusting the staking issuance curve to lower the annual percentage rate (APR) as more ETH is staked, thereby reducing the overall supply. Proponents argue that too much ETH is locked in staking and not being utilized, while opponents fear that a sudden reduction in rewards would drive away small-scale stakers. Huang, known as the King of Liquidation, currently holds a 25x long position on 888 ETH on Hyperliquid (HYPE) at an average entry price of $1,564.35.