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Arthur Hayes: Monad is a high FDV low Circulating Supply VC coin, and there will be a brutal dumping after the Token unlocks.
On November 30, CEX 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 huge risks for retail investors. There is usually an early pump, followed by a brutal dumping after insiders unlock their tokens. It will become another “bear chain.” Arthur Hayes believes that most new Layer-1 networks will ultimately fail, with only a few surviving in the long term. He listed the protocols he believes will survive in the next cycle: Bitcoin, Ethereum, Solana, and Zcash.