Monad Debate Heats Up as Arthur Hayes Urges 100% Token Unlock to Spark Real Usage and Challenge Ethereum

COINOTAG reports a renewed clash in crypto circles over Monad’s token economics, framed as a high fully diluted valuation (FDV) with a tight circulating supply. The discussion highlights token unlocks as a critical market signal.

Keone Hon notes that even projects within Arthur Hayes’ Maelstrom portfolio retain substantial token holdings locked, complicating the unlock narrative. Hayes replies that many investments also feature large lockups, complicating price discovery and investor expectations.

From a market perspective, immediate unlocks can pressure prices without genuine usage or organic demand, while scarce real utility may lead to a brief collapse followed by a rebound if real utility materializes. The debate underscores disciplined tokenomics and transparency.

Monad could become a test case for whether rhetoric aligns with execution, as adoption velocity and unlocking cadence shape near-term price discovery. Investors should monitor usage volume and token unlock schedules alongside traditional risk factors.