Arthur Hayes: Monad’s 99% Drop? A Crypto Tragedy!

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Monad, that most recent of sensations, has captured the attention of the industry, its Coinbase ICO raising a staggering $269 million in record time. A true marvel, one might say, though marvels often have a way of… fading. 🎭

Yet, as with all things fleeting, whispers of doubt have begun to circulate. The token, once buoyant, has since dipped by 24%, a harbinger of what may come. 🐢

Hayes: MON will go to zero

Arthur Hayes, that shrewd observer of the crypto landscape, has declared that all Layer 1 tokens, save for the likes of Bitcoin, Solana, and Ethereum, shall inevitably trend toward zero. A grim prognosis, to be sure, but one that resonates with the melancholy of a winter’s dusk. ❄️

He paints a bleak picture, suggesting that MON is but another “high FDV, low-float VC coin,” a phrase that sounds more like a eulogy than an analysis. 🩸

The insiders, those enigmatic figures who seem to know more than they let on, may well be poised to sell once the tokens are unlocked. A dance of shadows, if ever there was one. 🕵️‍♂️

He adds that real usage will drive MON’s value, especially as token unlocks occur more frequently over time. A hopeful note, though one might question whether hope is a currency in this market. 💸

Hayes also called on Monad to unlock all of its tokens, allowing the market to “determine the asset’s real value under bullish conditions.” A noble ideal, though one wonders if the market is ever truly “bullish” in this realm. 🐺

Yet, the community points out that Maelstrom, too, holds tokens in its portfolio, casting a shadow over Hayes’ impartiality. A tale of two sides, as ever. 🧙‍♂️

Strong tech, weak tokenomics

Keone Hon, the co-founder, counters with the assertion that Monad’s technology is nothing short of revolutionary. But Hayes, ever the skeptic, dismisses such talk, declaring that technology is but a fleeting fancy compared to the enduring weight of tokenomics. 🧠

He challenges the community, “Tell the community how you will maintain this price level with ~1% monthly inflation driven by staking rewards.” A question as weighty as a winter’s chill. ❄️

Whales face the heat

The whales, those titans of the market, now find themselves in a precarious position. MON has fallen below its launch price, a humbling descent for those who once floated on the waves of fortune. 🐋

This drop has triggered a wave of liquidations. Two whales, who were previously in profit, reportedly lost a combined $3.23 million in the past 24 hours on Hyperliquid. A tale of two fortunes, as it were. 💸

Because whales control a significant portion of market liquidity, their losses suggest that bearish sentiment remains strong and could push the asset even lower, with retail investors likely to suffer the most. A tragedy of the many, for the few. 🙃

Final Thoughts

  • Arthur Hayes has warned that all Layer 1 tokens, including Monad, will eventually trend to zero, predicting a 99% drop for MON. A dire forecast, indeed. 🧨
  • Liquidations are currently intensifying, with bullish investors facing the brunt of the impact. A cruel twist of fate, one might say. 🌀

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2025-12-01 10:38