Kraken and Galaxy flipped late as Solana approved a major supply cut

Solana approved a major supply cut after late changes in the voting outcome involving Kraken and Galaxy, according to CryptoSlate. Abstentions narrowed the publicly reported margin, leaving the final result less decisive than the headline vote may suggest. At the latest check, the proposal’s on-chain finalization was still pending. The report did not provide additional details on the size of the supply reduction, the precise voting totals, or the timing of finalization. The development is relevant to the SOL market because it concerns the network’s token supply, although the available information does not establish any price impact or broader market response. Moneyiar is reporting the development based solely on the facts available from the CryptoSlate item published on Aug. 29, 2026.