Unlike the launch of the ETH ETF, the launch of ETH DATs actually brought meaningful demand
But the similarity is that there is likely $10b+ momentum capital frontrunning future buying
The market is not ready to find out what happens when that buying dissipates
From X
Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.