X @Wu Blockchain

Bitwise's latest data shows that Ethereum treasuries (DAT) purchased only 370,000 ETH in November, a dramatic 81% drop from the August peak of 1.97 million ETH. The treasury model, once seen as a successor to the "altcoin season," is rapidly losing momentum. Bitwise points out that with mNAV continuing to decline and weakening buying power, small treasuries are falling into a death spiral due to their inability to secure funding. https://t.co/cRn9HBrEba ...