The first wave is to empty-handedly set up a white wolf, putting the coins into a listed company, the foundation sells coins to the company, while giving you a psychological anchoring price, starting from a market value of tens of millions of US dollars, pulling up the premium of the coin stock.

The second wave seeks institutional financing, raising funds at a price slightly lower than the market stock price, which can be understood as the previous discounted OTC method of transferring coins, but with a shorter unlocking time, generally just a few months.

The third wave has a relatively high stock premium rate, and then conducts market financing to take advantage of secondary market liquidity, as well as SOL and SUI's micro-strategic fixed increase for financing.

ETH's micro-strategy SBET, BMNR has reached the third wave and has not collapsed, and has not broken the net value near the net value. SOL's micro-strategy UPXI, the selling pressure from the second wave institutional unlocking could not be supported, breaking the net value, but today it rose despite the collapse of both coin and stock, with a stock market value of 276 million US dollars, but the 2 million SOL held is worth 328 million US dollars. Institutions are not taking the bait; what should be done next?