Arthur Hayes warned the recently launched token Monad (MON) could lose up to 99% of its market value.

Hayes' assessment

Hayes attributed the token’s fragility to enthusiasm among venture investors rather than to measurable adoption or proven product deployments.

He framed the situation as an experiment driven by speculative demand, which in his view increases the likelihood of a severe price correction.

Project characteristics

According to Hayes, projects that rely primarily on investor excitement often lack the operational milestones that typically support token valuations.

He emphasized that without demonstrable integration or user uptake, market prices remain vulnerable to rapid reversals when sentiment shifts.

Implications for holders and market

If Hayes’s view materializes, early holders could face steep losses, while broader market sentiment toward similar launches may cool noticeably.

Investors assessing newly issued tokens are advised to consider delivery timelines, concrete partnerships and measurable adoption metrics before allocating capital.

Context and caution

Hayes’s remarks reflect a wider debate about the valuation of recently launched crypto assets amid intense venture interest and promotional activity.

Market participants should treat such assessments as one perspective and verify project fundamentals independently before making investment decisions.