According to Cointelegraph, the NEAR token declined by approximately 7 percent following the passage of a proposal to cut the annual amount of newly issued tokens. The change aims to limit new supply over the next two years.
Under the approved proposal, roughly 11.8 million NEAR tokens would not enter circulation within that period. At the current market price, this amount corresponds to approximately $45 million in value.
The decision reflects a governance-driven adjustment to token issuance policy. No additional details on timing, voter turnout, or broader protocol effects were provided.
