BlockBeats News, November 30th, BitMEX co-founder 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 poses a significant risk to retail investors. Typically, early pumps occur, followed by a brutal sell-off after insider token unlocks. It will become another “bear chain.”
Arthur Hayes believes that most new Layer-1 networks will eventually fail, with only a few surviving in the long term. He listed the protocols he believes will survive the next cycle: Bitcoin, Ethereum, Solana, and Zcash.
