Opinion: Multicoin, Jump, and DAT are undervalued

Why might the newly assembled DAT scheme by @multicoincap + @jump_ + @galaxyhq be undervalued by the market? Here are my thoughts: 1) Forward Industries, Inc. ($FORD) is a long-established Nasdaq-listed company, but its market capitalization is small, currently under $60 million, with 1.71 million shares outstanding. After injecting new operating businesses through PIPE private equity financing, the existing operating entity has less baggage, so the subsequent impact of the shell company is relatively small. 2) @KyleSamani, like @saylor of $BTC and @fundstrat of $ETH, has always been a dedicated technical and narrative evangelist for $SOL. With his additional personal investment of $25 million in this DAT scheme, he's clearly going for a big play. 3) Multicoin, Jump, and Galaxy all have deep ties to Solana. Multicoin has invested over $500 million in the ecosystem. Jump, a high-frequency Wall Street institution, has invested heavily in the ecosystem, serving as a Firedancer node, exploring the DFBA (Dual Stream Batch Auction) mechanism, and providing market maker services. Galaxy holds over $1 billion in Sol and has tokenized its stock, $GLXY, on Solana, demonstrating its impressive global VC network and institutional resources. This highly complementary trio of narrative evangelism, technological innovation, and resource access is a formidable force. 4) Solana's upcoming Alpenglow consensus and Firedancer client node diversity will significantly enhance its performance. The mainnet test has previously achieved over 100,000 transactions per second (TPS), and execution speeds can be reduced to under 150 milliseconds. The innovative DFBA mechanism may allow the Solana chain to produce killer new products. However, there's a technical detail that many people haven't noticed: the recent SIMD-228 governance proposal was rejected. If it had passed, it would have reduced SOL's staking inflation rate, significantly impacting the DAT's appeal to institutions. Technical performance, innovative DNA, and yield—everything seems in place to carry the Solana DAT baton. 5) @solana's DAT narrative isn't simply a "micro-strategy" copycat of BTC, Ethereum, and other altcoins. While other DATs focus solely on the token itself, Solana's DAT treasury will radiate across the entire ecosystem, ultimately aiming to shed its pure MEME chain positioning and transform into a new Internet Capital Markets (ICM) narrative. This aligns perfectly with the broader trend of TradFi integration driven by the crypto-friendly US government. Furthermore, the ICM narrative is broad enough for Solana to encompass a range of narratives, including MEME launchpads, DePIN, PayFi, HFT Trading, and more.