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Arthur Hayes: Monad (MON) may drop 99%, it is a high-risk VC coin

On November 30, according to Cointelegraph, Arthur Hayes called the Monad token model 'high FDV, low circulation', essentially a structure dominated by VCs and early investors, with extremely high risk. This issuance structure often comes with a brief pump due to hype and very low liquidity in the early stages, but once the internal tokens are unlocked, selling pressure will explode, becoming another 'bear chain'.

Hayes stated that although he previously had a small involvement with MON, he is now '99% bearish' on the project, bluntly stating '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 are difficult to survive, including Monad.

Previously, on November 25, Arthur Hayes stated: MON will rise to $10.

It seems he has secretly sold off his holdings and can now call for a short.
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that they know may fail, but still want to persist in.