Arthur Hayes Predicts Monad’s Fall, Sees Only Few Blockchains Surviving

In an interview with Altcoin Daily, the former BitMEX $331.59K CEO described Monad as "another high FDV, low-float VC coin".

He explained that this type of token design often benefits early investors while putting smaller traders at risk. Fully Diluted Value (FDV) is the estimated total market worth of a cryptocurrency if every token were already circulating.

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Hayes stated that when there is a large gap between the FDV and the number of tokens actually available, prices often rise quickly at launch and then drop sharply when locked tokens enter the market.

He suggested that while new tokens may enjoy brief excitement, few manage to build real use or community support.

He added that only a few Layer-1 networks are likely to remain relevant in the long run. According to Hayes, Bitcoin BTC $85,650.51 , Ethereum ETH $2,825.37 , Solana SOL $126.86 , and Zcash ZEC $347.04 are among the few that might endure beyond the next cycle.

Despite his warning about Monad, Hayes expects global liquidity to increase as governments, especially in the United States, inject more money into the economy ahead of elections and slowing growth. He said:

I think that we are at the end of the beginning of this cycle and the massive amounts of crazy bull market money printing are ahead of us.

Fake MON token transfers recently appeared on Monad’s blockchain explorers two days after launch. How? Read the full story.