SWP price action this morning continues to show momentum while some thought it would quickly decline. If you are in the SWP Telegram, you will notice the focus has shifted beyond the chart to how the project handles its 2 percent tax.
The 2 percent tax is collected into a wallet that can be used by the team for burns, operating expenses, or community giveaways. A community poll is currently active asking how those tokens should be handled. Early results show more support for keeping tokens in reserve, while a smaller group favors burning supply.
Alongside the poll, on chain data shows that some community members are already taking action themselves. Solscan confirms transfers of SWP to the Solana from their personal wallet to the dead address, reducing circulating supply without waiting for a decision from the team.
This shows two approaches happening at the same time. One focuses on flexibility and funding future needs through reserves. The other focuses on lowering supply through burns. Both approaches reflect different priorities within the same community.
None of this guarantees what happens next. Price can continue to increase, slow down, or even reverse. What stands out is that decisions are being discussed openly, with both voting and visible on chain activity. That‘s one great thing about the blockchain. At the moment, price remains green, the poll is ongoing, and the community is engaged in decisions about the project’s direction. Alongside that, some participants are emphasizing realistic expectations, focusing on organic growth and smaller market cap milestones such as 10 million rather than outsized projections.