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
68,392.32
-1.70%
: Strategy (prev. MicroStrategy) ~ Down 12% | -$6B
ETH
1,956.92
-5.14%
: BitMine ~ Down 49% | -$8B
XRP
1.4582
-4.92%
: 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.