ETH DATs have a problem: Ether’s crash below $3K vaporized a year’s worth of gains
Ethereum treasury companies are holding millions of dollars in unrealized losses, and the falling mNAV valuations and ETH’s potential to fall below $2,500 could further complicate matters.
Key takeaways:
Ethereum treasury companies are sitting on millions of dollars of unrealized losses, raising concerns about their sustainability.
Ethereum treasury companies trading below NAVs signal eroding confidence, potentially pressuring ETH price further.
