#MON ๐
Speaking on Altcoin Daily, BitMEX co-founder Arthur Hayes slammed Monad, arguing that the so-called โnext ETH killerโ is simply a high-FDV, low-float project built for founders and VCs to offload tokens onto retail investors. Hayes said Monad has no real shot at competing with Ethereum โ โnot even Solana.โ He mentioned he holds a small position, but remains โ99% bearishโ overall.
Speaking on Altcoin Daily, BitMEX co-founder Arthur Hayes slammed Monad, arguing that the so-called โnext ETH killerโ is simply a high-FDV, low-float project built for founders and VCs to offload tokens onto retail investors. Hayes said Monad has no real shot at competing with Ethereum โ โnot even Solana.โ He mentioned he holds a small position, but remains โ99% bearishโ overall.
