Solana DATs Could Move Price 10x Faster Than Ethereum, Expert Warns
A new wave of Digital Asset Treasury (DAT) vehicles focused on Solana (SOL) could significantly impact its price due to its smaller market cap and high staking rates. Recent announcements indicate $2.5 billion in SOL DATs, comparable to much larger amounts for Bitcoin (BTC) and Ethereum (ETH). The FTX bankruptcy estate's remaining SOL tokens are diminishing, with approximately 5 million units left to unlock. Nom estimates that 37.5 million SOL will be sold annually due to staking inflation and unlocks, necessitating $7.5 billion in yearly inflows to maintain price stability. DATs can efficiently acquire SOL at discounts, enhancing market impact. Currently, less than 1% of SOL supply is managed by DATs, with expectations to increase to 3% and 5% with new vehicles. Major firms are raising funds to establish Solana treasury companies, potentially creating $2.5–$3 billion in institutional demand for SOL.
