[Arthur Hayes Responds to Monad Co-Founder: Unlock All Tokens Now, and You’ll Definitely Succeed] BlockBeats News, November 30 – Arthur Hayes and Monad co-founder Keone Hon engaged in a war of words over Monad being labeled as a 'high FDV, low circulation VC token.' In response to Keone Hon’s invitation for Arthur Hayes to experience the Monad mainnet, Arthur Hayes replied again: 'Unlock all tokens now, and you’ll be completely different from all the so-called Ethereum killers before. I bet you’ll definitely succeed.' Previously reported, Arthur Hayes stated in an interview that Monad (MON) is 'yet another high FDV (fully diluted valuation), low circulation VC token.' This type of token structure inherently exposes retail investors to significant risks, with the potential to plummet by 99%. Typically, there’s an early pump, followed by a brutal sell-off once insider tokens are unlocked. It will become another 'bear chain.' Arthur Hayes believes that most new Layer-1 networks will ultimately fail, with only a very few surviving in the long term.