COINOTAG News, November 30, reports that Monad co-founder Keone Hon responded to Arthur Hayes’ remark that MON may undergo a drawdown. Hon expressed respect for Hayes’ industry contributions but argued Monad differentiates itself through innovation, a highly motivated team, and an expanding ecosystem of eager builders. He noted the network remains early but already shows vibrant on-chain development. He offered MON test tokens to allow Hayes to try the network.
Hayes previously described MON as a high FDV with a low circulating supply, signaling elevated risk to retail investors and hinting at a potential 99% downside following insider unlocks; he warned many new Layer-1s may fail in the long term.
Keone Hon’s response reframes that risk discussion as a call for credible innovation and patient ecosystem building, emphasizing that the Monad team is focused on long-term value rather than short-term hype.