Arthur Hayes: Monad (MON) May Plunge 99%, It Is a High-Risk VC Coin

On November 30, Cointelegraph reported that Arthur Hayes called Monad's token model "high FDV, low float," essentially a structure dominated by VCs and early investors, with extremely high risk. This type of issuance structure is often accompanied by a brief pump in the early stages due to hype and extremely low liquidity, but once the internal tokens are unlocked, the selling pressure will suddenly explode, becoming another "bear chain."

Hayes said that although he himself had a small participation in $MON before, he is now "99% bearish" on the project, bluntly saying "Send this dogshit to ZERO!" He also made it clear that, with the exception of a few basic chains (such as Bitcoin, Ethereum, Solana, Zcash), most emerging L1 projects will struggle to survive, including Monad.

Prior to this news, on November 25, Arthur Hayes stated: $MON will rise to $10.00.

[TechFlow]