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Monad Foundation Responds to Arthur Hayes' Criticism: Sending You Some MON to Experience It Yourself
BlockBeats News, November 30th, Monad co-founder Keone Hon responded to "Arthur Hayes Suggests Monad May Experience a 99% Crash" by saying, "I have a lot of respect for all that you have done for this industry. In the past few days, I have seen you mention Monad multiple times. While I believe some of your comments may have been taken out of context, I thought you might be interested in understanding what sets Monad apart and why it is not just 'another L1.' Monad has adopted a lot of innovation, and the team is highly motivated. The ecosystem is just getting started, but there is already a large group of young, extremely eager builders developing new applications. If you'd like to try out the network with some MON, please let me know, and I'd be happy to send you some. Once again, thank you for your significant contributions to the industry. See you on-chain!"
Previously, Arthur Hayes stated in an interview that Monad (MON) is "another high FDV (Fully Diluted Valuation), low circulating supply VC coin." This token structure itself poses a significant risk to retail investors and may experience a 99% crash. Typically, there is an early pump followed by a brutal sell-off after the token unlock for insiders. It could become another "bear chain." Arthur Hayes believes that most new Layer-1 networks will ultimately fail, with only a few managing to survive long term.
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