Arthur Hayes: Maybe Monad Could Be the First to Fully Unlock Tokens and Challenge Ethereum and Solana

BlockBeats News, November 30th, Arthur Hayes and Monad co-founder Keone Hon continued their verbal battle over "Monad as a high FDV low circulation VC coin." Keone Hon pointed out that the project teams under Arthur Hayes' family office Maelstrom have not unlocked all tokens either. In response, Arthur said: "All the projects we have invested in or advised in the past or present also have a large portion of locked tokens. I have always advised founders that team and investor tokens should be fully unlocked as soon as possible, preferably all at once."

He continued, "Then one of two things will happen: the price will go straight to zero, and if there is no organic demand based on actual usage, it will stay there; or the price will first plummet, then rebound due to real organic usage demand. Unfortunately, so far, no founder has taken this advice, so I cannot currently present a successful case based on this theory. Perhaps Monad can be the first to prove me right — using its amazing technology to truly drive usage and challenge Ethereum and Solana."

Earlier reports had Arthur Hayes stating in an interview that Monad (MON) is "another high FDV (Fully Diluted Valuation), low circulation VC coin." This token structure itself poses a huge risk to retail investors, potentially causing a 99% crash. Early pumps usually occur, followed by a brutal sell-off after insider token unlocks. It becomes another "bear chain." Arthur Hayes believes that most new Layer-1 networks will eventually fail, with only a very few surviving in the long term.

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