[Monad Founder Responds to Arthur Hayes' Claim That 'MON is a High-Risk VC Coin That Could Crash 99%'] According to a report by Cointelegraph, Arthur Hayes issued a warning about Monad, stating that this recently launched L1 blockchain could potentially crash by 99% and ultimately become yet another failed experiment driven by venture capital hype rather than real-world applications. Arthur Hayes described the project as 'another high FDV, low liquidity VC coin' and pointed out that its token structure inherently puts retail investors at risk. Hayes remarked that most new L1 networks will eventually fail, with only a few networks likely to maintain long-term relevance, such as Bitcoin, Ethereum, Solana, and Zcash. In response, Monad founder Keone Hon posted on the X platform: 'I have great respect for your contributions to the industry. Perps are an incredible innovation, and I believe they will continue to grow rapidly. You have had a tremendous impact on the industry. I’ve noticed that you’ve been commenting on Monad frequently over the past few days. While I understand that some comments may have been taken out of context, I think you might be interested in learning about what makes Monad unique and why it’s more than just another L1 framework. I believe that, during the early days of BitMEX’s innovation, you must have faced a lot of negative comments and doubts, but you always responded positively and persevered. I aspire to follow your example.' Keone Hon went on to list several reasons why Monad is different, concluding by saying, 'If you’d like to get some MON to experience the network, please let me know, and I’d be happy to send some to you. Once again, thank you for your contributions to this space. See you on-chain.'