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A certain restlessness has settled over the ether, hasn\’t it? This new “Monad,” this blockchain, launched with a flourish just days ago, promising… well, promises are cheap these days, aren’t they? Its native token, MON, experienced a brief, almost indecent rise – an 80% surge, they say – reaching a peak of 0.048 on the twenty-sixth of November. A veritable whirlwind of enthusiasm, I assure you. One almost felt obligated to investigate, but one is, alas, a writer, not a speculator. 🤔
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However, not all gentlemen are swept up by such displays. Arthur Hayes, a name whispered with a mixture of respect and, shall we say, cynicism amongst those who traffic in digital ledgers, has cast a decidedly gloomy pall over Monad’s prospects. He suggests – and one might add with a certain relish – that its value could… plummet. Ninety-nine percent, he claims. A rather dramatic figure, wouldn’t you agree? 📉
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A Lack of Substance, Perhaps?
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Mr. Hayes, in a conversation recorded for posterity (or, more likely, shared on that ubiquitous YouTube platform), declared that any Layer 1 blockchain that isn\’t Ethereum or Solana is essentially… nothingness. A puff of smoke. He presented Monad as a prime example-a coin of “high FDV, low-float,” a phrase which, whilst informative to some, sounds suspiciously like a condemnation to anyone with a delicate sensibility.
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He anticipates Monad will follow the rather unfortunate trajectory of “Berachain,” launched some time ago with similar fanfare, now trading far below its initial zenith. One wonders if these projects are conceived not as solutions, but as exercises in speculative fervor. As of now, Monad’s token hovers around $0.0285, a fall of over 40% since its brief ascent. A cautionary tale, surely?
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Mr. Hayes observed, with a knowing air, that these new tokens often enjoy a fleeting moment of glory, fueled by nothing more substantial than the fear of being left behind. A classic case of FOMO, he termed it, an affliction particularly prevalent amongst those easily stirred by the promise of… what, exactly? He, like many of us, missed the chance to invest in Ethereum in its early days, a regret he readily admits, but one which doesn\’t blind him to the inherent risks. 🙄
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“Every coin has its pump,” he explained, “and people want to believe. Everybody seeks the next Ethereum, the opportunity they missed in 2014. But wishful thinking, my dear friends, is a poor substitute for sound investment.”
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Having dispensed with the majority of these new Layer 1s, Mr. Hayes proceeded to select his personal “magnificent five”-Bitcoin, Ethereum, Solana, ZCash, and a rather intriguing entity called Ethena. One suspects he prefers the comfort of the known quantity.
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Privacy and Puzzles
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It is not entirely surprising to find ZCash amongst his favored few. Mr. Hayes contends that privacy-focused coins-Monero included-will grow in importance, as the world increasingly values discretion. (Though one wonders if that discretion is entirely… legitimate.)
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Furthermore, he suggests that Zero Knowledge (ZK) proofs and resistance to quantum computing represent the next frontier in this ever-evolving landscape. He believes the next great opportunity in cryptocurrency will emerge from the realm of ZK proofs. A complex matter, indeed, and one best left to those with a penchant for mathematical abstraction. 🧐
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\n
A certain restlessness has settled over the ether, hasn’t it? This new “Monad,” this blockchain, launched with a flourish just days ago, promising… well, promises are cheap these days, aren’t they? Its native token, MON, experienced a brief, almost indecent rise – an 80% surge, they say – reaching a peak of 0.048 on the twenty-sixth of November. A veritable whirlwind of enthusiasm, I assure you. One almost felt obligated to investigate, but one is, alas, a writer, not a speculator. 🤔
However, not all gentlemen are swept up by such displays. Arthur Hayes, a name whispered with a mixture of respect and, shall we say, cynicism amongst those who traffic in digital ledgers, has cast a decidedly gloomy pall over Monad’s prospects. He suggests – and one might add with a certain relish – that its value could… plummet. Ninety-nine percent, he claims. A rather dramatic figure, wouldn’t you agree? 📉
A Lack of Substance, Perhaps?
Mr. Hayes, in a conversation recorded for posterity (or, more likely, shared on that ubiquitous YouTube platform), declared that any Layer 1 blockchain that isn’t Ethereum or Solana is essentially… nothingness. A puff of smoke. He presented Monad as a prime example-a coin of “high FDV, low-float,” a phrase which, whilst informative to some, sounds suspiciously like a condemnation to anyone with a delicate sensibility.
He anticipates Monad will follow the rather unfortunate trajectory of “Berachain,” launched some time ago with similar fanfare, now trading far below its initial zenith. One wonders if these projects are conceived not as solutions, but as exercises in speculative fervor. As of now, Monad’s token hovers around $0.0285, a fall of over 40% since its brief ascent. A cautionary tale, surely?
Mr. Hayes observed, with a knowing air, that these new tokens often enjoy a fleeting moment of glory, fueled by nothing more substantial than the fear of being left behind. A classic case of FOMO, he termed it, an affliction particularly prevalent amongst those easily stirred by the promise of… what, exactly? He, like many of us, missed the chance to invest in Ethereum in its early days, a regret he readily admits, but one which doesn’t blind him to the inherent risks. 🙄
“Every coin has its pump,” he explained, “and people want to believe. Everybody seeks the next Ethereum, the opportunity they missed in 2014. But wishful thinking, my dear friends, is a poor substitute for sound investment.”
Having dispensed with the majority of these new Layer 1s, Mr. Hayes proceeded to select his personal “magnificent five”-Bitcoin, Ethereum, Solana, ZCash, and a rather intriguing entity called Ethena. One suspects he prefers the comfort of the known quantity.
Privacy and Puzzles
It is not entirely surprising to find ZCash amongst his favored few. Mr. Hayes contends that privacy-focused coins-Monero included-will grow in importance, as the world increasingly values discretion. (Though one wonders if that discretion is entirely… legitimate.)
Furthermore, he suggests that Zero Knowledge (ZK) proofs and resistance to quantum computing represent the next frontier in this ever-evolving landscape. He believes the next great opportunity in cryptocurrency will emerge from the realm of ZK proofs. A complex matter, indeed, and one best left to those with a penchant for mathematical abstraction. 🧐

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2025-11-30 19:39