SOL is indeed not a hard cap on total supply, but "infinite issuance = destined to zero" is an oversimplification. On-chain activity, transaction fee burns, and staking rates are the core variables that influence the price.

$SOL Whenever someone issues SOL as an infinite ♾️ expansion mechanism, they will see a sharp drop—commonly known as an inflationary coin! I don’t know what kind of impact this model will have on SOL a few years from now. I used to see a post saying that by 2030 the total supply will surpass 900 million! So what does everyone think about SOL this year? ‌