🔥The DAT sector bubble has popped, and the pure hodling era is over. Institutional monthly crypto purchases plummeted from 20 billion to 3.7 billion, with leading firms pivoting. Strategies are slightly cashing out to recover, Metaplanet is laying the groundwork for RWA business, and a large number of small to mid-sized DAT companies are exiting. The remaining firms are focusing on two main directions: ETH for on-chain asset management and SOL for deepening staking infrastructure. Only companies with real cash flow and operational strength can survive the bull and bear markets. #DAT #defi #RWA $ETH $SOL