Culper Research宣布做空ETH及相关证券,称Fusaka升级后代币经济模型受损

ETH-1,69%

PANews 3月6日消息,做空机构Culper Research宣布做空以太坊及与ETH相关的证券,包括BMNR。该机构认为,2025年12月Fusaka升级后ETH代币经济模型已受损,升级将Gas上限提升至4500万至6000万,本预期Gas费下降10-30%,实际却下降约90%,Vitalik和验证者对L1需求弹性的计算基于过时模型,误差达3-9倍。 Culper针对Tom Lee的看多观点提出反驳。Lee以活跃地址和交易量增长作为ETH基本面增强和机构采用的证据,但Culper分析显示,2025年1月至2026年2月的链上数据表明,这些活动实际上是由地址投毒和粉尘攻击引发的低价值交易潮所致。Fusaka升级后,95%的新增钱包为创建的粉尘攻击钱包,投毒攻击数量增长超3倍,占ETH交易增长的50%以上,目前占所有ETH交易的22.5%。Culper称Vitalik对此心知肚明并在抛售,预计ETH将进一步下跌。

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