BitMEX Boss Says Monad Will Crash 99%-Is This the New Crypto Nightmare?

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BitMEX co-founder Arthur Hayes has warned that Monad may crash 99%. He said in an Altcoin Daily interview that Monad is set up in a way that mainly helps insiders, not normal users. 🤡

With MON already falling 25% from its first big pump, many are now questioning its future as its lack real world use case. 🤷‍♂️

Hayes: Monad May Crash 99%

During the interview, Hayes openly criticized Monad’s token model and future potential. He made it clear that he does not trust the way Monad’s token economics are structured. 🧠

  • Due to the high fully diluted valuation (FDV) 🌙
  • Very low circulating supply 🧨
  • Early insiders waiting to sell at peak hype 🚀

According to Hayes, Monad’s token setup is “built for founders and VCs to dump on retail traders once token hype peaks. 💸

While he admitted that he personally holds a very small allocation, he made it clear he is “99% bearish.” 😬

“It’s going to go down 99%,” Hayes warned, calling Monad a bear chain designed for a big first pump and then a painful crash. 🚨

Not Even Close to Ethereum, Not Even Solana

Hayes also challenged the narrative that sees Monad as a strong Layer-1 capable of challenging Ethereum’s dominance. He directly said that Monad has no real chance of defeating Ethereum and won’t even catch up to Solana in terms of real adoption. 🤯

Arthur Hayes believes the biggest issue with Monad is not its technology, but the expectations surrounding it. 🤔

On Altcoin Daily, BitMEX co-founder Arthur Hayes criticized Monad, calling the supposed “next ETH killer” a high fully diluted valuation, low float setup designed for founders and VCs to dump on retail. Hayes said Monad has no chance against Ethereum-“not even Solana.” He added…

– Wu Blockchain (@WuBlockchain) November 29, 2025 🗣️

He explained that the project is making big promises about performance and innovation, yet it has not clearly shown how it will solve real problems in the crypto world. 🤷‍♀️

MON Drops 25% from Peak Price

Since launch, Monad’s native token MON has seen strong volatility. After debuting near its public sale price of $0.025, early trading pushed it as high as approximately $0.0487, almost double the sale price. 📈

As of now, MON is trading around $0.036 with a market cap hitting $396.64 This puts it roughly 25% down from its all-time high. 😭

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2025-11-29 08:53