TechFlow, on November 30, according to Cointelegraph, Arthur Hayes described the Monad token model as "high FDV, low circulating supply," essentially a structure dominated by VCs and early investors, which carries extremely high risk. This type of distribution often leads to a short-term price pump driven by hype and extremely low liquidity, but once internal tokens unlock, massive sell pressure will erupt, making it yet another "bear chain."
Hayes stated that although he previously had a small position in MON, he is now "99% bearish" on the project and bluntly said, "Send this dogshit to ZERO!" He also clearly pointed out that apart from a few foundational chains (such as Bitcoin, Ethereum, Solana, Zcash), most emerging L1 projects will struggle to survive, including Monad.
Previous report, on November 25, Arthur Hayes said: MON will rise to $10.
