Andrew Kang Says Tom Lee Pushed Ethereum to Four-Year High, Creating Exit Liquidity for Foundation and Co-Founders

On September 26, COINOTAG published comments from Andrew Kang, founder of Mechanism Capital, who argued that Tom Lee had helped propel the Ethereum price to a four‑year high, a move Kang described as providing exit liquidity for established stakeholders including the Ethereum Foundation and co‑founders.

Kang drew parallels between current market dynamics and the 2021–22 Celsius episode, framing the situation as a potential distribution event rather than organic revaluation. Market participants should interpret these assertions cautiously and prioritize verifiable indicators such as exchange inflows, large‑wallet transfers and on‑chain metrics before drawing conclusions.

For analysts and institutional investors, the prudent response is enhanced monitoring of fund flows and adherence to robust risk management protocols; reliance on transparent on‑chain data can help distinguish transient liquidity events from sustained asset reprice.