Arthur Hayes warns Monad could crash 99%, calls it high-risk ‘VC coin’
NegativeCryptocurrency
- Arthur Hayes has issued a warning regarding Monad, predicting that its token could experience a drastic decline of up to 99% due to its vulnerable structure, which he describes as a high
- The implications of Hayes' warning are substantial for Monad, especially as it recently raised $269 million in an Initial Coin Offering (ICO) led by Coinbase, which is critical for its upcoming mainnet launch. The potential for a sharp decline in token value could undermine investor confidence and affect future fundraising efforts.
- The cryptocurrency market is currently facing heightened scrutiny, with various tokens experiencing volatility. Hayes' predictions resonate with ongoing discussions about market stability, liquidity challenges, and the risks associated with new projects, particularly those that have recently garnered significant investment but may lack robust market support.
— via World Pulse Now AI Editorial System
