Arthur Hayes is back in the spotlight. The famous macroeconomist and trader publicly buried the prospects of the Monad (MON) project, despite recently fueling interest in the asset himself. In a new interview, he explained why he exited the position so quickly and offered a forecast for the broader market.
Hayes makes no secret that his trade was pure speculation. On November 25, he wrote on X that he expected the MON price to hit $10, but 48 hours later, he told followers to “send the token to zero”.
"Monad is a classic story with low float and inflated FDV," the trader said on the Milk Road show.
In Hayes’ view, this L1 blockchain carries no fundamental value and cannot compete with Ethereum or Solana.
He emphasized that he did not participate in the presale but bought tokens on the secondary market immediately after listing. The entire trade cycle took a day and a half: the trader took profit and got out. According to him, the project will only generate returns for founders and venture funds, who will dump on retail.
On a macro level, Hayes remains bullish. He is confident that the recent Bitcoin drop was a local bottom and expects the leading cryptocurrency to surge to $250,000 amid the halt of the Fed’s quantitative tightening.
Meanwhile, Hayes speaks openly about his failures. He revealed that he lost over 50% of his investment in the viral Pump.fun ecosystem. The platform did not use revenue to buy back tokens at the early stage as anticipated, and the investment burned. The trader realized the loss and stopped tracking the price action.
Now Hayes advises market participants not to dive into complex schemes without full commitment. In his opinion, leverage trading demands 24/7 monitoring, and an amateur approach in current conditions guarantees liquidations. He compared the AI hype to 19th-century railroads: the technology is a breakthrough, but early infrastructure investors risk ending up with nothing.
This post is for informational purposes only and does not constitute advertising or investment advice. Please do your own research before making any decisions.
