DAT raises vs Market Cap is the cleanest forward indicator nobody is trading.
When a project raises capital, that cash isn’t theoretical. It’s new balance sheet strength, new liquidity, and new buyers committed at size.
The impact scales with the raise relative to circulating market cap (Raise/MC ratio). That’s why it consistently moves price.
Cheat sheet:
≥7% Raise/MC → structural multi week trend ( $WLD +46%, $ENA +26%, $CRO +137%)
3–6% → volatile, works best on retraces ( $SOL, $TRX)
<2% → mostly noise, at best sets local bottoms
Playbook:
Track new raises as they’re announced
Wait for the 10–20% post news retrace (liquidity shakeout)
Hold 4–8 weeks → target +30–50% returns
It’s flows which have been the biggest catalyst of this cycle. Capital deployment sets the breakouts.
Right now $CRO, $WLD, $ENA are showing it.
The next ≥7% Raise/MC is the highest conviction trade you’ll see.
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