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Ship
08-26

Last cycle, L1 foundations offloaded bags onto big TradFi players like Tiger. This cycle, DATs neatly package them up and send them straight to retail stock investors

CryptoCondom
@crypto_condom
08-26
DATs are one of the worst ponzis this cycle bc they create leveraged exit liquidity for shitter foundations who sell locked & ever-inflating bags to retail and the PIPES who invest in them. For the most part, it’s predatory and extractive….and the market is starting to sniff it x.com/fejau_inc/stat…
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