@andrrrey
Arthur Hayes Says $MON (monad) Might Drop 99% 🧵
> Yesterday Hayes goes on Altcoin Daily.
> Describes Monad as a "high FDV, low-float VC coin."
> FDV equals the price if all tokens are unlocked.
> Raised $225M from Paradigm in 2024.
> The mainnet and the token were launched on November 24.
Public sale:
> $269M from 85K buyers.
> Only ~20% tokens unlocked
Hayes’ Warning:
> says, MON can drop up to 99% once unlocks are hit.
> He refers to it as "another bear chain."
> Predicts only BTC, ETH, SOL, ZEC survive long term.
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