I really don’t understand why people say this… At WORST these DATs allow SOL holders to supply tokens in-kind and dump shares of the tco instead of the underlying. This has ZERO net impact on you as a SOL hodler and actually transitions tokens to a longer term vehicle, not to mention PIPE investors won’t be liquid for over a month. The REALITY is these vehicles are raising more than a billion dollars of CASH to buy $SOL on the open market. Especially with NASDAQ tightening the screws, you are stupid if you don’t think that will happen. For shareholders of this DAT to see meaningful returns they would need to crank their ATM to buy billions (with an s) more on the open market to grow treasury SOL per share. Multicoin employees have absurd amounts of SOL exposure, even ex. this DAT. Their incentives are aligned. These DATs will have zero negative mid-term impact on your bags if they fail, but if they work, they’ll be immensely positive. People will really look at $ETH PA over the last few months and think these things are bearish.