Arthur Hayes: Monad is a high FDV, low float VC coin that will face a brutal sell-off after token unlock

On November 30, BitMEX co-founder Arthur Hayes said in an interview that Monad ($MON) is "another high FDV (fully diluted valuation), low-liquidity VC coin." This token structure itself puts retail investors at great risk. There is usually an early pump, followed by a brutal sell-off after insider tokens are unlocked. It will become another "bear chain."

Arthur Hayes believes that most new Layer 1 networks will eventually fail, and only a very few will survive in the long run. He listed the protocols he believes will survive the next cycle: Bitcoin, Ethereum, Solana, and Zcash.

[BlockBeats]