"A bull market needs another low float, high price, totally useless L1 token. Obviously, I’m jumping on the bandwagon—MON is going to $10."
Arthur Hayes’ tweet, which seemed tongue-in-cheek yet highly provocative, injected a dose of adrenaline into Monad’s MON token.
Right after, Wormhole announced the launch of the Sunrise platform, bringing MON to Solana and enabling instant trading on Solana. With both technical and social momentum, MON’s price surged past $0.046 on November 26, up more than 80% from its public sale price.
01 Arthur Hayes’ "Naming Art"
Arthur Hayes’ tweets have long been a focal point in the crypto market, and his remarks about MON are especially intriguing.
After posting his bullish take, he quickly switched gears: "I’m out. Send this dogshit to ZERO! MON."
This contradictory stance perfectly captures the intense debate and attention MON is drawing in the current market.
Some analysts believe Hayes isn’t truly bearish on MON. Instead, he’s using his signature style to spark conversation and drive market interest in this emerging project.
Regardless, this influential figure in crypto has succeeded in making MON the center of attention, drawing the eyes of countless traders.
02 Wormhole Sunrise’s Disruptive Innovation
Behind MON’s price rally stands the technological breakthrough brought by the Wormhole Sunrise platform.
As a native Solana listing gateway, Sunrise streamlines token launches by providing instant, day-one liquidity.
It fundamentally changes how cross-chain assets migrate, offering a single, standardized route for new tokens to enter and immediately tap into Solana’s liquidity.
What does this mean for MON?
As the first core token supported at Sunrise’s launch, MON enjoyed unprecedented advantages:
- No need to deal with complex multi-bridge processes or wrapped assets;
- Instantly tradable on Solana against USDC, SOL, and other Solana tokens upon listing;
- Direct integration with major Solana DeFi platforms like Jupiter and Helius.
This innovation elegantly solves the problem of "liquidity fragmentation," ensuring new on-chain assets like MON have robust liquidity support from day one.
03 MON’s Strong Market Performance
MON has emerged as a standout among newly listed L1 tokens in 2025.
According to Gate Square Daily, MON’s price soared above $0.046 on November 26, up more than 80% from its public sale price.
This surge far outpaced most other cryptocurrencies during the same period.
Even more impressive, MON achieved this growth amid a sluggish broader crypto market—at the time, Bitcoin had dropped below $90,000 and overall market liquidity was declining.
Several factors contributed to MON’s strong performance:
Solid holder base: Over 473 million MON were airdropped to 289,000 wallets, with 333 million already claimed.
Institutional backing: The Coinbase public sale raised $269 million from more than 85,000 participants, creating another wave of committed buyers.
Lockup mechanism: More than 50% of MON’s supply is locked until 2029, significantly reducing insider selling pressure.
04 Ecosystem Growth Underpins Value Proposition
Beyond price action, Monad’s early ecosystem data is equally impressive.
Within the first 24 hours of mainnet launch, the Monad blockchain processed 3.7 million transactions, saw 153,000 active addresses, and deployed 18,000 new contracts.
Additionally, total value locked reached around $90 million, with DEX trading volume at about $70 million.
Many blockchains take months or even years to reach these figures, but Monad hit these milestones on day one—showing its ecosystem is more than just speculative hype.
Monad is a high-performance Layer 1 blockchain engineered for speed, without compromising security or decentralization, and remains fully compatible with the existing Ethereum ecosystem.
05 Opportunities and Risks
Despite MON’s strong showing, potential investors should remain aware of the risks.
High fully diluted valuation: MON’s FDV is close to $3–4 billion, while only about 10% of supply is unlocked.
Future unlock pressure: As vesting periods end, new selling pressure could emerge.
Market volatility: MON currently fits the profile of a high-risk, high-volatility token—best suited for investors who understand early-stage L1 dynamics and can tolerate risk.
Telegram’s built-in wallet listing for MON offers traders a more convenient way to transact, which may further boost MON’s liquidity and accessibility.
However, long-term holders must carefully consider the unlock schedule and fully diluted valuation.
Outlook
MON’s path forward is not without obstacles. Its FDV of nearly $3–4 billion and only 10% circulating supply point to potential volatility from future token unlocks.
Yet, from Arthur Hayes’ conflicting statements to Wormhole Sunrise’s technological leap, from 3.7 million on-chain transactions on day one to an 80% price jump, MON is proving itself to be more than just a fleeting market trend.
As Arthur Hayes put it, MON might climb to $10—or, as he also quipped, "go to zero." Either way, it has already captured the full attention of the crypto world.
