Monad (MON) Price: Arthur Hayes Sells While Whales Gobble Up the Dip

Arthur Hayes cashes out. Crypto whales dive in. The Monad price action just got a whole lot more interesting.

A Tale of Two Strategies

Hayes, the BitMEX co-founder turned crypto oracle, makes his move. He sells. Meanwhile, deep-pocketed investors see a discount and start loading their bags. It's the classic clash between taking profits and buying the narrative.

Reading the Whale Tapes

Large, anonymous wallet movements don't lie. They signal conviction—or at least a very expensive gamble. When these entities accumulate on a dip, they're betting the underlying tech and community will outlast short-term volatility. It's a high-stakes game of chicken with the market.

What's Next for MON?

Pressure builds. Every sell order from a known figure tests resilience. Every whale buy adds a floor. The community watches, charts get redrawn, and the perpetual motion machine of crypto speculation whirs on. Remember, in this market, a 'strategic exit' for one person is just a 'generational buying opportunity' for another—usually after a consultant gets paid to coin the phrase.

So, who's right? The seller banking his gains or the accumulators betting on the future? Only the blockchain ledger knows for sure, and it's not talking.

TLDR

• Monad (MON) dropped 32% in its first week after launching on November 24, 2025, trading at $0.02856
• Large holders sold over 8 million tokens in one day while other whales spent $2.13 million USDC buying 70.64 million MON tokens
• Former BitMEX CEO Arthur Hayes criticized Monad as a high FDV, low circulation token and sold his holdings after two days
• Monad’s stablecoin supply reached $451 million and network activity shows growth despite price decline
• Active addresses dropped and selling pressure continues, but whale accumulation suggests some investors remain confident in the project

Monad launched its mainnet and native token MON on November 24, 2025. The layer-1 blockchain network listed on major exchanges including Coinbase, KuCoin, and Bybit.

The token currently trades at $0.02856 after dropping 32% over the past seven days. Today MON posted a small gain of 2.3%.

On-chain data shows large holders sold more than 8 million tokens in a single day. Active addresses on the network decreased during the price drop. Network participation remained flat as selling pressure increased.

Whale Activity Shows Mixed Signals

One whale wallet accumulated 70.64 million MON tokens since launch. The buyer spent $2.13 million USDC at an average price of $0.03267 per token. The wallet currently holds unrealized losses of $250,000.

Whale 0x755b keeps buying $MON.

Since launch, he has spent 2.31M $USDC to buy 70.64M $MON at an average price of $0.03267 — now sitting on over $250K in unrealized losses.https://t.co/rEr88EKTuz pic.twitter.com/Xk3eaH5XMO

— Lookonchain (@lookonchain) December 3, 2025

Other wallets holding over one million dollars worth of MON accelerated their selling. The selling from large holders happened while other whales continued buying the dip.

Former BitMEX CEO Arthur Hayes bought MON on November 27. He sold all his holdings two days later on November 29. Hayes criticized the token structure as high FDV with low circulation. This means the project has a large fully diluted value but only a small percentage of total supply trades publicly.

Monad CEO Keone Hon responded to Hayes’ comments about the risks associated with MON. Hayes’ public criticism and sell-off added pressure to the token price.

Network Metrics Paint Different Picture

Monad’s stablecoin supply continues climbing and reached $451 million. This represents one of the few positive indicators for the network.

Data from cookie.fun shows overall sentiment around Monad leans bullish. The project maintains one of the highest mindshare levels compared to other new projects.

$MON

Potential cup & handle forming. pic.twitter.com/2YWL1iAujZ

— 𝔊𝔯𝔞𝔳𝔞𝔫𝔬 (@Bullrun_Gravano) December 3, 2025

The price chart shows reaction at a demand zone between $0.0282 and $0.0288. Multiple rounded lows in this area indicate buyers absorbed selling pressure. The token moved up to $0.0302 after finding support.

The RSI indicator sits in the low 60s, showing improving momentum without overheating. If the price holds above $0.0294, the technical structure favors a MOVE toward $0.0313 and potentially $0.0332.

Market analysts note whale accumulation during price dips historically precedes market bottoms. The selling pressure creates liquidity that can attract new buyers and push prices higher.