For SOL price, the implications break down by holder type:Non-staking holders benefit unambiguously from reduced dilution. Grayscale Research confirmed 4.3 million daily active users and over $100 million in year-to-date transaction fees. The Solana price disconnect between strong ecosystem metrics and weak token performance is the central puzzle for SOL holders. For SOL price, the proposals represent a structural supply-side catalyst rather than an immediate price mover. Even 100 million daily transactions produce only around $47,000 in daily burns under the current model.