# ETHEREUM.

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# CulperResearchOpenlyShortsETH
CULPER RESEARCH vs. ETHEREUM: THE
SHORT THESIS 🧵
Short-selling firm Culper Research
is known for exposing fraud and accounting irregularities in small caps. Today,
they’ve turned their crosshairs on #Ethereum.
Here is why this matters: 1️⃣ The Target: ETH is the
second-largest crypto asset. A public short from a reputable firm is a rare
bearish signal. 2️⃣
The Argument: While we wait for the full report, expect them to focus on
declining network revenue, regulatory headwinds (SEC classification), or
competition from Layer 1s. 3️⃣ The Reaction: Historically,
ETH-2,6%
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