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

Arthur Hayes stated during his appearance on the Altcoin Daily program that the newly launched Layer1 project Monad belongs to the typical "high FDV, low circulation" VC coin structure, with extremely high risks for retail investors. He believes that after the internal token unlocks, there may be a 99% drop, ultimately becoming another "bear chain." He believes that most new L1s will ultimately fail, and only Bitcoin, Ethereum, Solana, and Zcash will truly survive long-term in the next cycle.

Monad CEO

[Cointelegraph]