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DAT Issuers' Strategy - Most DAT issuers, excluding Saylor, are likely to be sellers below mnav, as hard assets raised into the company effectively belong to them [1] - DAT issuers may trigger cascades among their own DAT holders to repurchase from them, essentially scalping against their own placement investors [1] Potential Market Manipulation - The scenario suggests a potential "Player versus Player" (PvP) dynamic where DAT issuers could profit by exploiting their own investors [1]

RT Sniper (@snipeder)When I started aping #USELESS, I noticed a few on-chain traders like Marcell consistently scalping the chart.He did that until one day when m the train left him behind. That retard owned more supply than Bonk guy at some point but ended up making around $70k PNL in total on Useless.I won’t lie it was frustrating at first.My DCA into #USELESS lasted over a week and sat at a mid five-figure loss at one point.But I wasn’t bothered. I knew it was only a matter of time before the thesis star ...