
Rui|11月 30, 2025 10:03
In a market lacking both liquidity and attention, even the most ingenious mechanism design can go unnoticed. Since the tweet, ATH's price dropped from 0.5 to 0.16, and DAT POAI fell from a high of 15 to 6. Looking at the past two months, it’s clear things haven’t gone well—price fluctuations are needed to trigger the flywheel.
From a fundamentals perspective, ATH is still operational, generating $1.5M in 30-day revenue, with enterprise clients still onboard. From an external environment perspective, there’s still a shortage of GPU computing power in the AI world, as well as ongoing issues with electricity and computing power shortages. In fact, one of the big narratives in the U.S. stock market this year is Bitcoin mining farms transitioning en masse into AI data centers. The GPUs and computing power held by ATH remain quality assets.
Looking ahead, during this downcycle, revenue from enterprise clients’ leasing business will be injected into the DAT public company via ATH tokens. With the token locked at a low market cap, it will wait for the secondary token market to recover. The token’s price re-anchoring will provide DAT with higher revenue expectations, which in turn will re-anchor the stock price.
Next, the team will disclose DAT’s company address to increase transparency in the model. This will also allow for a direct look at how they’re performing—what’s the expected token lock-up situation? From this, we can infer whether we’re in a bottoming-out phase.
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