Arthur Hayes responds to Monad co-founder: Unlock all tokens now and you will definitely succeed

BlockBeats News, November 30, Arthur Hayes and Monad co-founder Keone Hon engaged in a war of words over "Monad being a high FDV, low circulating supply VC token." In response to Keone Hon inviting Arthur Hayes to experience the Monad mainnet, Arthur Hayes replied again: "Unlock all the tokens right now, and you will be completely different from all the so-called Ethereum killers before you. I bet you will absolutely succeed."

As previously reported, Arthur Hayes stated in an interview that Monad (MON) is "yet another high FDV (fully diluted valuation), low circulating supply VC token." This token structure itself poses significant risks to retail investors and could potentially crash by 99%. Typically, there is an early surge, followed by a brutal sell-off once insiders' tokens are unlocked. It will become another "bear chain." Arthur Hayes believes that most new Layer-1 networks will ultimately fail, with only a very few able to survive in the long term.