Arthur Hayes Criticizes Monad, Keone Hon Offers Tokens for Testing

Crypto veteran Arthur Hayes has voiced concerns about the sustainability of Monad, a blockchain project aiming to challenge Ethereum’s dominance. Hayes, former CEO of BitMEX, believes Monad’s tokenomics raise significant red flags, predicting a potential 99% crash in its value. In response, founder Keone Hon offered Hayes access to the Monad platform and MON tokens to test the project firsthand. This exchange highlights the growing tension between established voices like Hayes and newer blockchain projects vying for market share.