Arthur Hayes, co-founder of BitMEX, has forecasted a significant surge in cryptocurrency IPOs over the next few years, drawing parallels to the ICO craze of 2017. In a recent post on the X platform, Hayes suggested that the period from 2025 to 2027 will witness a frenzy of crypto IPOs, culminating in a high-profile event reminiscent of the EOS launch. He anticipates that this will attract substantial fiat investment, but warns of a potential sharp decline post-launch.