Arthur Hayes calls Monad "garbage, send it to zero" a day after predicting a target of 10 dollars.

Source: Yellow Original Title: Arthur Hayes calls Monad “garbage, send it to zero” a day after predicting a target of 10 dollars

Original Link: https://yellow.com/es/news/arthur-hayes-calls-monad-junk-send-it-to-zero-a-day-after-predicting-a-10-dollar-target The co-founder of BitMEX, Arthur Hayes, reversed his bullish stance on the Monad token in a matter of hours on Thursday, calling the Layer 1 project “trash” and urging his followers to “send this to zero” after initially predicting that MON would reach $10.

What happened

Hayes, one of the most influential figures in the industry, reversed his stance on the token on Thursday saying: “I'm out. Send this dogshit to ZERO!.”

A day earlier, Hayes had announced that he had entered the project, describing MON as “another low float, high FDV useless L1”, but urging: “$MON to $10.”

Hayes did not clarify whether he made a profit or a loss, nor what triggered the turn.

Why it matters

Hayes' swift turn highlights a persistent problem in the crypto sector: the power of high-profile traders to move prices through public comments, often without accountability for the financial consequences faced by their retail followers.

Unlike traditional financial advisors, crypto influencers operate without regulatory oversight. They can publish bullish forecasts, reverse them within hours, and face no consequences. Retail traders often lack the liquidity or speed to exit their positions as quickly, becoming the exit liquidity.

Monad's mainnet was launched earlier this week after raising $225 million from Paradigm, Dragonfly Capital, and Coinbase Ventures, with a valuation of $3 billion.

The MON token debuted at $0.042 and rose by 40% in 24 hours before experiencing volatility.

Hayes' initial tweet criticized the project's tokenomics, the low circulating supply, and the high fully diluted valuation, while revealing that he had bought in anyway.

Its backing likely contributed to speculative purchases, while its reversal may trigger short-term selling pressure among those who are now at a loss.