Kraken’s late reversal helps push through Solana inflation-cut proposal

Last-minute position changes by Kraken and Galaxy played a major role in the passage of Solana’s token issuance reduction proposal. Governance proposal SGP-0002 would double the pace of the annual inflation decline, and with about six hours left before voting ended, support stood at 65.4%, below the two-thirds threshold and leaving open the possibility of failure. Kraken’s validator, which holds about 8.91 million SOL, then recast its vote from 100% opposed early on to 90.34% in favor and 9.66% against, while Galaxy also shifted part of its abstention to support.