Sharplink's DAT started at 120+ on day one, now it's at 15; Bitmine started at 160+ on day one, now it's at 45; OCTO hit 80+ on day one, now it's dropped to 40-something. Based on NAV estimates, going below 10 is just a matter of time. These tokenized stocks aren't much different from those high-FDV, low-liquidity rug-pull coins on Binance. It's always a pump at launch, then you're stuck forever. Wall Street's big sharks—your tactics are just too ugly, with zero technical finesse. The fair valuation for DAT companies should hover around NAV=1. Anything with a high premium is just a bubble. There's nothing wrong with running a DAT company, but the focus should be on creating an additional financing channel to accumulate tokens, not on inflating bubbles to trap retail investors. As for investors, you really need to evaluate whether it's better to hold tokens or tokenized stocks. In my opinion, compared to DAT, a more valuable move right now is to take advantage of the favorable financing environment and help real projects in the crypto space—those that are actually building something—get funding and go public in traditional markets. These projects have revenue, they have profits, but they don't have the intention to issue tokens for speculation. Going to the stock market is the best choice. Speculation based on fundamentals, like Circle, at most just overdraws future growth expectations, but it won't get too outrageous. Violent delights have violent ends. Hold onto your $BTC and enjoy the show.