Solana’s 90% account-deposit cut could reduce SOL’s holding appeal

Solana’s plan to reduce account deposits by 90% could weaken one factor supporting demand to hold SOL, according to CryptoSlate. The change is intended to lower the SOL reserves required for accounts, but only the first reduction has gone live so far. The broader proposal would require persistent account state on Solana to increase tenfold if the previous minimum SOL reserves were to be maintained. This means the full effect of the plan depends on how the remaining changes are implemented and how account state develops. Until then, the current reduction represents only an initial step rather than completion of the entire proposal. The development is relevant to SOL because lower account-deposit requirements could reduce the amount of the token needed for that purpose. CryptoSlate said the planned change may therefore weaken a reason some market participants hold SOL, although the source material does not provide a price forecast or quantify any market impact.