🚨 COLLAPSE IN DAT-RELATED STOCK PRICES
Shares tied to digital asset treasury (DAT) strategies experienced a sharp sell-off, with multiple names recording severe losses across the board. Companies including MicroStrategy (MSTR), Metaplanet, SMLR, and NAKA all saw significant declines during the downturn. $XRP
Most notably, NAKA suffered a catastrophic drop of more than 98%, effectively wiping out most of its market value. The scale and speed of the collapse closely resembled “memecoin-style” crashes, where liquidity evaporates rapidly and prices spiral lower in a very short time.$SOL
The move has raised fresh concerns over valuation risk, leverage, and speculative positioning in stocks linked to crypto exposure, especially those seen as high-beta proxies for digital assets. Investors are now reassessing whether some DAT-linked equities had run far ahead of fundamentals, leaving them vulnerable during periods of market stress. $ETH
Overall, the episode highlights how volatile sentiment-driven flows can quickly reverse, turning once-popular crypto-linked equities into some of the hardest-hit names in a broader risk-off environment.
