My understanding is he "owes" interest on loans he's received using Solana as collateral, so the account is at risk of being liquidated. Of course, no one wants that when many people are already underwater at current prices.

What's funny is literally one day after voting to take over this account, prices are rising and now they "have time" to find a better solution? Brilliant governance, all around.

There are a few individuals and firms invested in solana ecosystem bailing out companies in the background right now which is increasing the price for liquidation.

Even if he got liquidated, then he could just buy sol at cheap due to contagion from his relatively stable loan in stablecoins and many investors will still need to bail out to recoupe their sol investment. He also could have short positions.

It's the most optimal move for someone with that big stake.

Hilarious.