@serlisrtk
Crypto veteran Arthur Hayes dropped a heavy warning on Monad saying the new L1 could crash up to 99% and become another VC fueled experiment with no real adoption
On Altcoin Daily Hayes called Monad “another high FDV low float VC coin” pointing out that the token structure alone puts retail at risk
High FDV + tiny circulating supply ➝ early hype pump ➝ brutal dump when insider tokens unlock
That’s the pattern he expects
He said it straight: “It’s going to be another bear chain”
Every new coin gets a first pump but most don’t build a real use case afterward
Hayes also believes only a few L1s will survive long term naming BTC ETH SOL and ZEC as the ones likely to keep relevance next cycle
Monad which raised 225 million dollars from Paradigm just went live this week with its MON token airdrop
Cointelegraph asked Monad for a comment but they haven’t responded yet
0 reply
1 recast
4 reactions