I will sell off all but a token position of any CN coin I have mined that does not hard fork to protect itself against the Baikal Giant N. You basically have 2-3 weeks to get your shit together or you can experience what SIA just went through.
What if the baikal already has support for the new monero PoW? This is what I mean with "don't rush to conclusions". You risk double damage. Let's study the baikal and all the PoW options we have and decide carefully. A hard fork is not something to take lightly.
Yeah, okay, I admit I might have gotten a little over-excited there. How much damage is done to any one CN coin will depend on just how many of the Baikal Giant N get pointed at it and there isn't likely to be all that many released in the first batch. But I don't think I need to tell you that a coin with a network hashrate of 5-6 MH/s is not going to fare nearly as well as XMR which is hovering around 1 GH/s.
You also have to give credence to the extremely strong probability that these ASICs have already been mining for quite some time before release. Unlikely that Baikal haven't been squeezing all that they could out of them before releasing them to the public. Therefore in the short term it's not clear how much, if any, hash power will be added to the totality of CN coins once they ship.