• Tom Lee forecasted Ethereum at $12K–$15K while Kang calls the thesis delusional.
• Kang argues ETH fees remain flat despite massive growth in stablecoin and RWA adoption.
• Competitors like Solana, Arbitrum, and Tether’s new chains are capturing on-chain activity.

Andrew Kang, co-founder of Mechanism Capital, has launched a severe critique of Fundstrat’s Tom Lee following the latter’s bullish projections for Ethereum (ETH).

At Korea Blockchain Week 2025, Lee drew headlines with a bold forecast, i.e., Bitcoin could surge to $200,000–$250,000 by year-end, while Ethereum could rise to $10,000–$12,000, with potential upside toward $15,000 under favorable macro conditions. 

Read The Full Article Ethereum Bulls Face Harsh Critique as Mechanism Capital’s Andrew Kang Rips Fundstrat’s Tom Lee Forecasts On Coin Edition.

• Tom Lee forecasted Ethereum at $12K–$15K while Kang calls the thesis delusional.
• Kang argues ETH fees remain flat despite massive growth in stablecoin and RWA adoption.
• Competitors like Solana, Arbitrum, and Tether’s new chains are capturing on-chain activity.

Andrew Kang, co-founder of Mechanism Capital, has launched a severe critique of Fundstrat’s Tom Lee following the latter’s bullish projections for Ethereum (ETH).

At Korea Blockchain Week 2025, Lee drew headlines with a bold forecast, i.e., Bitcoin could surge to $200,000–$250,000 by year-end, while Ethereum could rise to $10,000–$12,000, with potential upside toward $15,000 under favorable macro conditions. 

Read The Full Article Ethereum Bulls Face Harsh Critique as Mechanism Capital’s Andrew Kang Rips Fundstrat’s Tom Lee Forecasts On Coin Edition.