HYPE fell more than 5% in the short term, NEAR dropped 6.01%

BlockBeats News, June 4, after Arthur Hayes announced at noon today that he had fully sold his positions in HYPE and NEAR, both tokens experienced a short-term plunge:

HYPE fell 5.21%, now quoted at $68.82;

NEAR fell 6.01%, now quoted at $2.42.

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

· The Iran war and restocking have driven up energy prices

· From now until early Q3, there will be 3 major AI projects going public

· Predicts Trump will switch to opposing AI to help Republicans win the midterm elections

· Believes the market top will occur between now and September

· It's time to take profits.