Cointelegraph reported that Arthur Hayes called the Monad token model "high FDV, low circulation," essentially a structure dominated by VCs and early investors, with extremely high risk.

This type of issuance structure is often accompanied by a brief pump in the early stages due to hype and extremely low liquidity, but once the internal tokens are unlocked, the selling pressure will suddenly explode, becoming another "bear chain."

[Foresight News]

Arthur Hayes: 99% bearish on Monad, it's a high-risk VC coin

Arthur Hayes: 99% bearish on Monad, it's a high-risk VC coin