Even the pros are getting wrecked this cycle.

Institutions bought the hype. Now they're sitting on bags deep in the red.

Here is how badly the DATs euphoria punished corporate treasuries:

$BTC : Strategy (prev. MicroStrategy) ~ Down 12% | -$6B

$ETH : BitMine ~ Down 49% | -$8B

$XRP : Evernorth Holdings ~ Down 43% | -$491M

$SOL : Forward Industries ~ Down 65% | -$1B

$TON : TON Strategy ~ Down 60% | -$431M

$BNB : BNB Network Company ~ Down 32% | -$138M

$SUI : Sui Group Holdings ~ Down 73% | -$279M

$WLFI : ALT5 Sigma ~ Down 50% | -$802M

$DOGE : Thumzup Media Corporation ~ Down 67% | -$1.35M

$HYPE : Hyperliquid Strategies ~ Down 37% | -$216M

If billion-dollar funds are 73% underwater on SUI and 65% down on SOL, retail never stood a chance.

This cycle did not discriminate. It took everyone's money.

SUI
SUI
0.967
-6.02%

$SOL

SOL
SOL
85.7
-5.15%

$ETH

ETH
ETH
1,984.57
-4.35%