HYPE Price Plunges Over 5% in a Short Period, NEAR Falls by 6.01%

BlockBeats News, June 4th, according to HTX market data, following Arthur Hayes' announcement of liquidating HYPE and NEAR at noon today, both tokens experienced a sharp price drop:

HYPE dropped by 5.21%, now trading at $68.82;

NEAR dropped by 6.01%, now trading at $2.42.

Arthur Hayes stated that the reasons for the liquidation will be explained in an article titled "Reality Check," to be released next Tuesday. In summary:

· The Iran conflict and inventory replenishment have led to a rise in energy prices

· From now until early Q3, there will be three major AI projects conducting IPOs

· Predicts Trump will shift to anti-AI to help the Republicans win the midterm elections

· Believes the market peak will occur between now and September

· It is time to take profits.