NEAR Governance Approves Major Supply Cut – But Token Slides 7%

NEAR governance has approved a major tokenomics change that could shrink projected supply by 4.36% over six years, while also reducing staking returns. Despite the supply cut, the token fell 7%, suggesting holders are focused on the lower staking yield rather than the deflationary effect. Traders should watch whether the sell-off continues as the market reprices NEAR's yield profile.