Early Take: Big Money Has Already Arrived

Stop waiting for institutions to show up—they're already here. The narrative that Wall Street is "coming soon" to crypto? That ship has sailed. Major institutional players have quietly built massive positions, shifted their treasury allocations, and deeply integrated into the blockchain ecosystem. The question isn't whether they'll enter anymore—it's how deep they'll go and which protocols they'll dominate next. The game has changed. Those still betting on "institutional adoption" as a future catalyst might be missing what's already unfolding.