🔥 Arthur Hayes blasts: Monad is a VC “high FDV, low float” trap

On November 29, Arthur Hayes called out Monad directly on the Altcoin Daily show:
He said it’s not the “next-gen Ethereum killer” at all, but rather a high FDV, low float cash-out machine set up by VCs 💸, with the goal of letting founders + institutions exit smoothly.
He also said:
‍#Monad can’t beat $ETH ETH,
not even as good as #Solana
Aside from ETH + SOL, all other L1s will eventually go to zero 🪦
What’s more ironic—
On November 25, he was just calling for MON to pump to 10U, but after it dropped, he immediately flipped bearish to 0.
Classic: when it drops, it’s trash 😮‍💨