Arthur Hayes Shares Worrying Forecast for Monad
Arthur Hayes, co-founder of BitMEX, believes that most layer-1 blockchain networks will struggle, suggesting that only Ethereum and Solana are likely to have the institutional applications needed for lasting viability. In a discussion on the Altcoin Daily podcast on November 28, Hayes reiterated his stance as more alternative base layer blockchains emerge. He anticipates the […]
Arthur Hayes cautions that Monad might plummet by 99%, describing it as a high-risk ‘VC coin’
Concerns Raised Over Monad’s Future in Crypto Market Arthur Hayes, a seasoned figure in the crypto sector, recently expressed serious concerns regarding Monad. He warned that this newly launched layer 1 blockchain might see its value plummet by as much as 99%. Hayes believes that Monad is more of a product of venture capital buzz […]
Monad Token Continues Decline Due to Profit-Taking and Concerns Over Fake Transactions
Simply put The token dropped 15% to $0.03, reversing earlier gains from its launch this week. There’s an imbalance in the order book, and decreasing volume suggests early sellers and new short sellers are driving the market down. This decline follows incidents of network impersonation, despite the chain having 150,000 users and a surge in […]
Monad Faces Fake Token Transfers Days After Mainnet Launch
Simply put Users of Monad began reporting spoofed token transfers soon after the mainnet and MON token were launched on Monday. As explained by Monad’s CTO and co-founder, attackers used deceptive ERC-20 events that were mistaken for legitimate transactions. This incident coincided with a spike in MON trading, drawing renewed interest in the blockchain. Just […]
Monad Sees Increase After Airdrop as Bitcoin and Ethereum Decline
Simply put Monad’s local currency increased to $0.045 on Tuesday. This figure was notably above Monad’s previous retail price. The much-anticipated airdrop had initially shocked some investors, yet MON kept climbing. The price of Monad’s cryptocurrency surged on Tuesday after the highly anticipated airdrop, which took many speculators by surprise. Recently, the token was trading […]
Monad token sale overcomes ‘fizzle’ concerns, concluding with high demand on Coinbase
MON Token Sale Oversubscribed Amid Increased Interest Monad’s public offering of MON tokens is approaching its conclusion, possibly earlier than expected due to a remarkable level of oversubscription. Initial worries that the sale might flop have eased, thanks to a significant uptick in buying activity during the latter part of the sale. The goal was […]
Monad Foundation takes over stablecoin infrastructure project Portal.
Monad Foundation Acquires Portal The Monad Foundation has taken over Portal, a company focused on Stablecoin infrastructure. I had a chance to talk with the team about this development. While Portal will still function independently, it will utilize Monad’s technology to enhance its services. Raj Parekh, the founder of Portal, will transition to the role […]
Paradigm leads $225 million round for Monad Labs, which is building a layer-1 blockchain to take on Ethereum and Solana – Fortune
As the cryptocurrency market resurges, various blockchains are vying to be the solution to drive demand in the next wave, just as Bitcoin and Ethereum have been in previous cycles. New entrant Monad Labs has received additional funding from investors such as Electric Capital and Greenoaks to build a layer-1 blockchain to compete with competitors […]