**[Monad Co-Founder Responds to Arthur Hayes' Criticism: Sending You Some MON to Experience It Yourself]** BlockBeats News, November 30 — Monad co-founder Keone Hon responded to Arthur Hayes' comment that "Monad might crash by 99%." He stated, "I have great respect for everything you’ve done for this industry. Over the past few days, I’ve noticed you’ve mentioned Monad multiple times. While I believe some of these remarks may have been taken out of context, I think you might be interested in learning what makes Monad different and why it’s not just 'another L1.' Monad incorporates a lot of innovation, and the team is highly motivated. The ecosystem is just beginning, but there’s already a group of young, extremely hungry builders developing new applications. If you’d like to get some MON to experience this network yourself, just let me know—I’d be happy to send you some. Once again, thank you for your tremendous contributions to the industry. See you on-chain!" Earlier reports indicated that Arthur Hayes, in an interview, described Monad (MON) as "yet another high FDV (fully diluted valuation), low circulating supply VC coin." This type of token structure inherently exposes retail investors to significant risks, potentially leading to a 99% crash. Typically, such tokens experience an early surge, followed by a brutal sell-off once insider tokens are unlocked. It could become another "bear chain." Arthur Hayes believes that most new Layer-1 networks will ultimately fail, with only a very small number surviving in the long term.