Monad Co-founder Responds to Arthur Hayes' Criticism: Sending You Some MON for a Personal Experience

On November 30th, Monad co-founder Keone Hon responded to Arthur Hayes' statement that "Monad may plummet by 99%," saying, "I have great respect for everything you have done for this industry. I have seen you mention Monad multiple times in the past few days. While I believe some of these comments may have been taken out of context, I thought you might be interested in learning what makes Monad different and why it's more than just 'another L1'."

"Monad has adopted a lot of innovation and the team is highly motivated. The ecosystem has just begun, but there is already a large group of young, extremely hungry builders developing new applications. If you want to get some $MON to experience the network yourself, let me know anytime, I would be happy to send you some. Thanks again for your great contribution to the industry, see you on-chain!"

Previously reported, Arthur Hayes said in an interview that Monad ($MON) is "another high FDV (fully diluted valuation), low-circulation VC coin." This token structure itself puts retail investors at great risk and could plummet by 99%. 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.

[BlockBeats]