Du Jun Cautions Against Shorting Ethereum Amid Market Dynamics

ABCDE co-founder Du Jun argues that while shorting high-performing companies like BMNR might be feasible, shorted Ethereum would be a risky move. This comes following Kerrisdale Capital’s announcement of shorting Bitmine, which they argue is due to the Digital Asset Treasury (DAT) model becoming stagnant and lacking innovation. The company points out that as similar projects surge in the market, premiums are declining, and issuing stock above net asset value (NAV) becomes increasingly challenging.