UntagMoney

The Ethereum ecosystem is supposed to be where “smart money” goes—L2s, restaking, DeFi, real yield, institutional adoption. But if you look at many Ethereum-focused DATs right now, the mood on the ground is anything but confident. Instead of being seen as smart vehicles for gaining exposure to ETH and its ecosystem, a lot of these DAT structures are making investors nervous, and in some cases, outright angry. The recent dumping episode around Sharplink Gaming has only poured gasoline on that fire. ETH DATs Sharplink Gaming: A Cautionary Tale for Ethereum DATs Sharplink Gaming has become a kind of shorthand for everything that can go wrong when a token or equity structure is misaligned with its investors. Heavy selling, aggressive unlocks, or perceived “dumping on the market” break the most important thing in any DAT structure: trust . Once investors start to believe that insiders, partners, or the treasury are using the market as an exit ramp rather than building long-term value, ...

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