3AC Holdings and FUD about DOT, Near, Solana (Patreon)

3AC probably went under due to insane investments in metaverse and NFTs - something we never condoned.  But they also apparently hold Near, Dot, Sol etc. 

Unrelated but maybe related, there is also fear that a $170M whale could get their SOL liquidated if the SOL price hits $22.  They voted on a proposal here which I think is another bad rap for crypto. https://realms.today/dao/7sf3tcWm58vhtkJMwuw2P3T6UBX7UE5VKxPMnXJUZ1Hn/proposal/HuaL6cDtuNtfnJgvwMnYiZDHVCoLAuDtVFgJD8kYChJ4

Deets of loan are as follows: 

• 5.7M SOL deposited ($170M)
• 108M USDC and USDT borrowed
• 25% of TVL
• 95% of SOL deposits (Main Pool)
• 88% of USDC borrows (Main Pool)
• A liquidation price of $22.30
• The last on-chain activity from the whale was 12 days ago

Strange as $22 is where I would love to add more. 

Net net there are more shoes to drop.  I still believe in SOL due to quant.  Not anything ese. They have 1M DAU's - 7 day moving avg vs Cardano 60,000 and SOL processes more transactions (yes trans and not messages) than all other chains combined. 

Tons of videos flying around about SOL going to zero also. Lot's of hate everywhere it appears.