Monad Token Surges 80%, BitMEX Co-Founder Predicts 99% Decline

Monad, a Layer 1 blockchain, launched successfully, causing its native token MON to rise by 80% to an all-time high of $0.048 on November 26. However, the token's value has since dropped over 40% to around $0.0285.

Arthur Hayes' Outlook

BitMEX co-founder Arthur Hayes expressed skepticism about Monad's potential, predicting a 99% decline in its token value.
Hayes criticized Monad and similar projects for lacking a real use case, suggesting their initial price spikes are driven by FOMO.
He believes only a few Layer 1 blockchains like Ethereum and Solana will succeed long-term.

Future Trends According to Hayes

Hayes identified Bitcoin, Ethereum, Solana, ZCash, and Ethena as significant protocols in the crypto space.
He highlighted privacy-focused coins like ZCash and Monero, predicting increased prominence in the future.
Zero Knowledge (ZK) proofs and quantum resistance are expected to be major narratives by 2026.

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