Overview
- Arthur Hayes told Altcoin Daily that MON could drop up to 99% due to high fully diluted valuation and a small initial float, adding that most new L1s outside Ethereum and Solana will ultimately fail.
- Monad launched mainnet on November 24 with a MON airdrop following a $225 million Paradigm-led raise, and the token saw an early rally on a concentrated trading float.
- Hon counters that MonadBFT and a 170-validator design avoid single-sequencer models and mitigate tail-fork reorganizations that can enable MEV attacks.
- He highlights audited, open-source code, parallel execution, rapid 1–2 second Coinbase withdrawals, and a Coinbase bottom-fill token sale aimed at reducing whale concentration.
- Market commentators remain cautious, with Altcoin Sherpa urging MON holders to plan exits, while Hayes reiterates a broader liquidity-driven bullish thesis for crypto.