Arthur Hayes: Perhaps Monad can unlock all the tokens and maintain users, challenging Ethereum and Solana.

BlockBeats news, on November 30, Arthur Hayes and Monad co-founder Keone Hon continued their war of words over “Monad as a high FDV low circulating VC coin.” Keone Hon pointed out that the project party of Arthur Hayes's family office Maelstrom's portfolio also has not unlocked all tokens, to which Arthur responded: “The projects we are currently or have previously invested in or acted as advisors for also have a large amount of locked-up tokens. I have always advised founders that the team and investors' tokens should be 100% fully unlocked as soon as possible, preferably all unlocked immediately.” “Then one of the following two situations will occur: the price drops to zero directly, and if there is no organic demand based on actual usage, it will stay there; or the price falls sharply first, and then rebounds due to real organic demand. Unfortunately, so far no founder has heeded this advice, so I currently cannot present a successful case based on this theory. Perhaps Monad can be the first to prove me right—by using its stunning technology to truly bring usage and challenge Ethereum and Solana.” Previously reported, Arthur Hayes stated in an interview that Monad (MON) is “another high FDV (Fully Diluted Valuation), low circulating supply VC coin.” This token structure itself puts retail investors at huge risk, with a potential drop of 99%. Early pumps usually occur, followed by a brutal dumping after insider token unlocks. It will become another “bear chain.” Arthur Hayes believes that most new Layer-1 networks will ultimately fail, with only a very few surviving in the long term.