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RE: Steem Total Value Powered Up - $39 million - May 29, 2022
Overall, with about 880K powered down last week and 745K pending, we can expect weekly powerdowns to decrease by about 15% or more.
Is it possible, the powerdown period back to 13 weeks? I think these efforts can contain the amount of circulating steem as well as affect the exchange rate.
I see the Steem chart is still with a rather stable price, where it is bearish or bullish with an insignificant percentage. I believe this is hope.
It's possible, but the large stakeholders would need to support it. I kind of doubt if that's going to happen. When Justin Sun and the Tron Foundation bought Steemit, the powerdown window was one of the first things that they acted to change.