The post DWF Labs’ Andrei Grachev Challenges Near Protocol to Cut Inflation of NEAR By 50% To Attract More Investment appeared first on Coinpedia Fintech News
Andrei Grachev, a top executive at DWF Labs, has challenged the core developers at Near Protocol (NEAR) to reduce the token’s inflation from 5 percent to 2.5 percent. In an X post on Wednesday, Grachev requested the core developers at Near Protocol to consider theThe move to boost the long term prospects of the project.
Grachev reminded the core founders that DWF Labs currently holds 5 million NEAR tokens and has staked an additional 6 million tokens. To spice up the proposal, Grachev told the core developers that DWF Labs would purchase an additional 10 million NEAR tokens.
Meanwhile, Bowen Wang, a developer at Near Protocol, welcomed the idea of reducing the token’s inflation but highlighted that the final move is up to the community. Moreover, the current inflation is part of the incentive plan to attract more holders to stake NEAR tokens and secure the protocol.
Closer Look at NEAR Price Action
Amid the highly anticipated altseason 2025, catalyzed by rising institutional demand and imminent reversal of the Bitcoin dominance, NEAR price has signaled bullish sentiment. The mid-cap altcoin, with a fully diluted valuation of about $3.2 billion and a 24-hour average trading volume of about $186 million, gained over 5 percent in the last seven days to trade about $2.57 at the time of this writing.
From a technical analysis standpoint, the NEAR price is on the cusp of a major uproar if it consistently closes above the established falling logarithmic trend. In the daily timeframe, NEAR price has formed a potential inverse head and shoulders pattern, signaling bullish sentiment in the near term.
The bullish sentiment is also bolstered by the weekly MACD line that recently crossed the signal line amid growing bullish histograms.