Arthur Hayes, BitMEX co-founder, warns that the newly launched Monad token could see a 99% price drop due to its ‘VC coin’ structure, despite its initial surge.
Monad, a new blockchain project promising high speed and decentralization, has seen its native MON token surge by 95% following its launch. The project aims to solve the blockchain trilemma by processing transactions quickly without sacrificing decentralization.
The newly launched Monad (MON) token has surged 80% since its debut, bucking the broader market trend. The Ethereum-compatible layer-1 blockchain is gaining significant traction, particularly among Dutch investors on the Bitvavo exchange.