News

BlockBeats News, November 30, Arthur Hayes and Monad co-founder Keone Hon continued their war of words over "Monad being a high FDV, low circulation VC token." Keone Hon pointed out that projects in the portfolio of Arthur Hayes' family office Maelstrom have also not unlocked all their tokens. Arthur responded: "The projects we are currently or have previously invested in or advised also have a large number of locked tokens. My consistent advice to founders is that team and investor tokens should be unlocked 100% as soon as possible, preferably immediately and completely." "Then, one of two things will happen: the price will go straight to zero and stay there if there is no organic demand based on real usage; or the price will crash first, then rebound and recover due to genuine organic usage demand. Unfortunately, so far, no founder has ever taken this advice, so I currently don't have a successful case to prove this theory. Maybe Monad can be the first to prove me right—with its impressive technology truly driving usage and challenging Ethereum and Solana." Previously reported, Arthur Hayes stated in an interview that Monad (MON) is "yet another high FDV (fully diluted valuation), low circulation VC token." This token structure itself exposes retail investors to huge risks and could crash by 99%. Typically, there is an early pump, followed by a brutal sell-off after insiders' tokens are unlocked. It could become another "bear chain." Arthur Hayes believes that most new Layer-1 networks will eventually fail, with only a very few surviving in the long term.

ChainCatcher news, Vitalik Buterin posted on X expressing his hope that Zcash can resist the influence of the dark forces of token voting. Token voting is terrible in every way, even worse than the current situation of Zcash. If ordinary token holders are allowed to take control, privacy is exactly the kind of thing that will gradually be eroded over time.