Arthur Hayes’ Negatives Weigh on Monad Token Amidst Market Volatility

Monad, a blockchain project led by Keone Hon, is facing scrutiny from industry veteran Arthur Hayes after his pessimistic outlook on the token’s future. Hayes predicts a potential 99% decline in the MON token price, citing concerns over its high fully diluted valuation (FDV) and low circulating supply as red flags. These issues have triggered market volatility, leading to a 25-30% drop in MON’s value following Hayes’ comments. This conflict underscores ongoing debates about Monad’s long-term viability.