Solana DATs Could Move SOL Price Tenfold Faster Than Ethereum
An X thread by Bonk contributor Nom warns that Solana DATs (Digital Asset Treasury vehicles) could shift SOL price up to 10× faster than Ethereum DATs. He cites Solana’s smaller market cap, heavy staking that removes 63% of SOL from immediate float, and the ability of DATs to buy discounted or locked tokens outside open markets. With $2.5 billion in SOL DATs announced, Nom equates this to a $30 billion ETH raise or $91 billion BTC raise in terms of market impact. He highlights a projected 37.5 million SOL annual inflation, requiring $7.5 billion of inflows, and notes that DATs can boost inflows’ efficiency by acquiring tokens at discounts. Ongoing institutional deals—Galaxy, Jump Crypto, Pantera, Sharps Technology—plan $2.5–3 billion in Solana treasuries, positioning SOL as a strong contender for upcoming ETF and corporate investment.
Bullish
This development is bullish for SOL because Digital Asset Treasury inflows reduce available float and amplify buying pressure. Historically, institutional treasury models—such as MicroStrategy’s BTC accumulation and ARK’s ETH strategy—have driven significant price rallies when large funds locked up supply off-market. In the short term, announcements of $2.5–3 billion in Solana treasuries could trigger swift price spikes as traders anticipate reduced sell pressure. Over the long term, sustained DAT inflows alongside staking yields could strengthen market stability, lower volatility and support higher valuations as institutional investors seek exposure ahead of potential SOL ETF approvals.