Coinbase Listing Fails to Shield Monad (MON) from Arthur Hayes’ 99% Collapse Prediction

BitMEX co-founder Arthur Hayes has launched a scathing critique against the newly listed Layer 1 token Monad (MON), forecasting a catastrophic 99% price collapse. Hayes dismisses MON as 'another high FDV, low-float VC coin,' a label pointing to tokens with a high fully diluted valuation but a small portion of supply actively traded, often seen as advantageous for venture capital backers at the expense of retail investors. This stark warning coincides with MON's troubled performance on major exchanges. Despite its recent high-profile listing on Coinbase, the token has struggled to maintain its launch price, currently trading approximately 24% below its debut level of $0.0288. The market turbulence has been severe enough to trigger significant liquidations, with reports indicating two large holders, or 'whales,' faced combined liquidations worth $3.23 million on the Hyperliquid derivatives platform. Hayes' bearish outlook appears to extend beyond Monad alone, suggesting a broader skepticism towards similar cryptocurrency projects in the current market cycle. The situation presents a critical test for investor sentiment around new Layer 1 blockchains, especially those launching with characteristics Hayes criticizes. The significant price drop post-Coinbase listing, coupled with high-profile liquidations, underscores the volatile and high-risk nature of such assets, even when they achieve milestones like exchange listings on top-tier platforms. This event highlights the ongoing debate in the crypto community regarding token distribution models, valuation metrics, and the long-term viability of new networks competing in an already crowded Layer 1 landscape.

Arthur Hayes Predicts 99% Collapse for Monad (MON) as Layer 1 Token Faces Existential Threat

BitMEX co-founder Arthur Hayes has declared open season on Monad (MON), predicting a 99% collapse for the LAYER 1 token he dismisses as 'another high FDV, low-float VC coin.' The warning comes as MON tumbles 24% below its $0.0288 launch price on Coinbase, with two whales absorbing $3.23 million in liquidations on Hyperliquid.

Hayes' apocalyptic forecast extends beyond Monad—he contends only Bitcoin, Ethereum, and solana will survive the coming Layer 1 purge. 'Monad won’t compete with Ethereum,' Hayes told Altcoin Daily, 'Network effects don’t lie.' The project's $269 million Coinbase listing now appears as fool's gold against Hayes' stark calculus of blockchain Darwinism.

Monad co-founder Keone Hon counters with technological arguments, but Hayes remains unmoved: 'No amount of tech saves weak tokenomics.' The market verdict? MON's chart reads like a Greek tragedy—all promise, no payoff.

Coinbase Launches High-Yield Crypto Staking with Instant Liquidity

Coinbase now offers up to 15% APY on proof-of-stake assets, bridging decentralized finance with traditional investment appeal. The exchange's instant unstaking feature—accessible for a 1% fee—addresses a historic liquidity pain point in crypto yield products.

Rewards originate from blockchain protocols, not corporate balance sheets. ethereum stakers earn 1.88%, while Cosmos delivers 15.13%. Over $450 million in rewards were distributed in 2024, with minimum stakes starting at $1.

The MOVE positions staking as a viable alternative to Treasury bills or money market funds. Coinbase emphasizes security: 'Assets never leave customer accounts,' a nod to post-FTX risk aversion.