币界网报道:According to Bijie.com, Arthur Hayes wrote on a social platform today that the market has completed a "cycle" and the spirit of ICO in 2017 has now been transformed into the crypto IPO boom of 2025-2027. "This is the beginning of a frenzy, and it will end with an IPO like EOS that attracts huge amounts of fiat currency and plummets at the opening."