《Arthur Hayes and Tom Lee Debate DATs, Ethereum, and the Next Market Trend》 (Translated by Whitepaper Blockchain) Tom Lee painted a grand vision of an 'Institutional Supercycle' led by Ethereum, while Arthur Hayes countered sharply—not only warning about the brutal consolidation facing the DATs market but also, for the first time, sharing the real logic behind his decision to sell Hyperliquid. Tom Lee believes that those trading below NAV (Net Asset Value) are facing survival challenges, arguing that DATs should not be traded at prices below their net asset value. Arthur Hayes finds it strange that people are still launching DATs for tokens with relatively low market caps (e.g., $1 billion to $3 billion). He doesn’t understand how these things can remain viable. Read the full article: http://(wublock123.com)/index.php?m=content&c=index&a=show&catid=47&id=51181