DAT flywheel extinguished, Alliance co-founder hinted that DAT company will sell off reserves, and the market will still undergo deep cleansing

Alliance DAO co-founder QwQiao reiterated his view, "The next bear market (whenever it comes) will be worse than most people expect. There is now a large group of 'dumb money' that knows nothing about crypto buying spot and ETFs. Such a situation never ends well.

The market may need another 50% deep pullback to 'wash out' the positions held by these people, so that the market can rebuild a solid foundation and continue its super cycle."

Placeholder partner Chris Burniske also expressed a similar view, stating, "The era of DAT sell-offs has just begun. Just as it rose all the way up, it will now fall all the way down."