X @Wu Blockchain

Arthur Hayes argued that the newly launched L1 Monad is a typical “high-FDV, low-float VC coin” with significant risks for retail investors and could drop 99% once insider tokens unlock, adding that most new L1s will fail and only Bitcoin, Ethereum, Solana and Zcash are likely to endure. Monad CEO Keone Hon pushed back, saying Monad is not another VC-driven chain and highlighted its technical and architectural advantages, offering to send Hayes some MON to test the network himself.https://t.co/hNNQYnnkNZ ...