Today in Markets

An ATOM Split?

Cosmos Hub disharmony could lead to a founder-led chain split
Jack Inabinet Jack Inabinet Nov 30, 20231 min read
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market analysis An ATOM Split?

The Cosmos Hub (ATOM) is undergoing major changes. Token holders voted to cut ATOM inflation in half last week, but not everyone is happy: ecosystem leadership is now advocating for a chain split! Where’s the ATOM opportunity?

ATOM price reacted positively to confirmation that inflation would be reduced, with the token rallying 8% on Saturday after the vote closed. While the market was pricing in the implications of reduced future sell pressure, the chain’s founder made public his intentions to rage quit after the vote failed to go his way.

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