Arthur Hayes turns against: from bullish on $10 to angrily calling it "drop to zero garbage", what has Monad done to upset him?

Question

[Coin World] Arthur Hayes recently made a 180-degree turn in his attitude towards the new public chain Monad.

He directly classified the MON token model as “high FDV, low circulation” - in simple terms, it means that VCs and early players hold the chips, while retail investors are left to take over. This design may see a pump in the short term due to speculation and liquidity exhaustion, but what happens when the internal tokens are unlocked? The selling pressure will come crashing down instantly. Hayes bluntly predicts that this will again be a “bear chain.”

What's even harsher is that although he previously invested a small amount in MON, he now publicly states “99% bearish” and drops a harsh remark: “Send this dogshit to ZERO!” The speed of his turnaround is comparable to the face-changing act in Sichuan opera.

Hayes also casually threw out a broadside: apart from the established foundational chains like Bitcoin, Ethereum, Solana, and Zcash, other newly launched L1 projects basically cannot survive—Monad is no exception.

Ironically, just a few days ago he said that MON could rise to 10 dollars. This change in attitude makes one wonder what happened in between.

CoconutWaterBoy · Accepted Answer

It&#39;s another old trick by VC to play people for suckers, Hayes didn&#39;t get it wrong this time...

Wait, did he buy it himself? Isn&#39;t that taking the opposite position and shorting to make a profit...

LiquidationKing · Answer

Haha, this operation is really amazing. Is Hayes being played by MON or what? Blowing up one moment and stepping on it the next, a typical crypto world celebrity trick.

The VCs probably ran away long ago, while retail investors are still catching a falling knife. I could see through this model with my eyes closed.

Is it true that 99% are bearish? Is that 1% still secretly accumulating, old fox?

Another bear chain prediction. Is it going to reverse next month? Just wait and see.

MON’s FDV is so ridiculous; someone should have burst this bubble long ago, but it’s a bit late.

Speaking of which, the moment of unlocking is when the real show begins. Waiting for the big plummet.

This is why I never follow the crowd to touch new public chains; the tricks are too deep, really.

The line about sending to zero is really harsh, but who in the crypto world still takes it seriously?

Hayes&#39;s capriciousness is really something. A celebrity like him is just like this; I’ve long been used to it.

NFTArtisanHQ · Answer

honestly the classic VC extraction playbook... high fdv, illiquid token, retail bagholders incoming. hayes going 99% bearish after the initial pump tells you everything—this is just tokenomics theater masquerading as innovation. monad's gonna be a case study in post-digital financial mechanics gone wrong, methinks.

SignatureDenied · Answer

Haha, Hayes is performing again, this time blowing Monad from 10 bucks to zero, truly a master of inconsistency.

Everyone understands the VC tricks, but 99% are bearish and still dare to participate a little? This move feels a bit like pulling down your pants to fart.

The knowledge behind the Token model is deep; high FDV and low circulation indeed easily become a cash machine, but who isn&#39;t like that?

The celebrity&#39;s harshest move against projects is this one: make a small profit and then turn around to criticize, the highest form of playing people for suckers.

Every time Hayes mocks, I look at it in reverse; if it&#39;s clear, why hide it?

Is Monad really going to gg this time or is it another plot twist? I don&#39;t dare to bet.

From bullish to "dogshit", how awkward must that transition be?

RumbleValidator · Answer

I&#39;ve seen this trap of high FDV and low circulation too many times; verification nodes don&#39;t play like this. Hayes&#39; logic for being bearish this time actually isn&#39;t a problem; the selling pressure at the moment of token unlocking is just a physical law.

TrustlessMaximalist · Answer

Haha, Hayes is really ruthless this time. Previously, he was still promoting Monad, and now he&#39;s sending it straight to drop to zero. It&#39;s a typical VC trap; early players play people for suckers and then run.