🚨 MultiversX: From Hard Cap to Hard Laughs! 🚨

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🤡 Robert Sasu, the self-proclaimed wizard of MultiversX, has pulled a classic “hold my beer” moment by proposing to yank the EGLD supply cap faster than a rug pull on a Tuesday! 🪄 At “The Foundry” event on October 3, this master of mayhem unveiled a governance proposal that’s got everyone scratching their heads and checking their wallets. 🧐 Among the highlights? Removing the EGLD supply cap-because who needs promises when you can have chaos, right? 💸

MultiversX, formerly known as Elrond (yes, they rebranded like a reality star changing names for clout), announced this wild ride in November 2022 at the xDay event in Paris. 🥖 And let’s not forget their side hustle, xMoney, which in September 2025 decided to migrate tokens from UTK to XMN, effectively diluting holders by 30 or 10 times. 🤑 Because why not add insult to injury? 😂

In the “Inflation Rate and Burn Mechanism” section of their proposal, they’re adding a 9.47% annual tail inflation rate while burning 10% of validator fees. 🔥 Sounds like a diet plan: gain a lot, burn a little. 🍔 Justin Bons, the founder of CyberCapital, called this model “out of industry standards” with a side of sarcasm, noting the inflation rate is higher than a hot air balloon and the burn rate lower than a candle in a hurricane. 🌪️

Governance proposal on MultiversX (EGLD) economics | Source: MultiversX Agora 🗳️

Bons promised to write an article sharing his views, but his opinion was dismissed faster than a bad pickup line at a bar. 🍻 Why? Because he didn’t disclose his exposure to the project. 🤫 Classic crypto drama-more twists than a soap opera! 🧼

But wait, there’s more! This proposal breaks a core promise of the project: a hard-capped supply of 31.4 million EGLD, akin to Bitcoin’s scarcity model. 🪙 On their official website, it still boldly claims, “There can only ever be 30 million EGLD.” 🖼️ Talk about a plot twist! 🌀

“Unlike traditional currencies that can be printed endlessly, EGLD employs a capped issuance model, ensuring only a predetermined number of tokens will ever be created. There are only 26 million EGLD in existence and a max theoretical limit of 31.4 million, relative to 8 billion people,” the text continues. 📜

“The EGLD Token” landing page as of October 3, 2025 | Source: MultiversX.com 🌐

Robert Sasu himself once said, “Nobody is talking about increase in supply,” back in February. 🤥 Fast forward to now, and he’s the one proposing it! 🕺 Ethereum’s been discussing economic changes, but MultiversX is taking it to the next level-like jumping off a cliff and hoping for a parachute. 🪂

Nobody is talking about increase in supply. Ethereum has been discussing about economics changes constantly. 🤓

A few problems we have right now: even when the blocks are full, the fees are not enough to cover the inflation. 💸

First and foremost we want to change that. 🚀

– Robert Sasu | dev/acc (@SasuRobert) February 6, 2025

MultiversX (EGLD) Price Analysis 📉

As of this writing, EGLD is trading at $14.25, down 41.31% year-over-year but up 1.68% in the last 24 hours. 🎢 With a $408.65 million capitalization, it’s sitting at the 147th position, losing ranks faster than a reality show contestant. 🏆

MultiversX (EGLD) market data and price as of October 3, 2025 | Source: CoinMarketCap 📊

The proposal aims to foment growth and fuel MultiversX’s move to the US, seeking a friendlier environment. 🇺🇸 But with an inflation rate higher than a politician’s promises, long-term holders might feel like they’re holding a melting ice cream cone. 🍦

In summary, this could position the network for competitive expansion-or it could be a spectacular flop. 🎭 Only time will tell if MultiversX will soar like an eagle or crash like a lawn dart. 🦅🪁

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2025-10-04 00:12