#高FDV低流通量VC币风险 This debate is indeed very interesting. Hayes's perspective as a trader contrasts sharply with Monad founder's technical idealism. Historically, such debates are common when new projects launch. Looking back, when Ethereum first came out, many were skeptical. But ultimately, the project's fate was decided by the long-term development of technology and ecosystem.

For Monad, short-term price fluctuations don't reveal much. The key is whether it can truly resolve the contradiction between blockchain performance and decentralization, and whether it can attract enough developers. If the technology is as advanced as the founder claims, there is great potential for the future.

However, Hayes's point about tokenomics is also crucial. High FDV with low circulation indeed provides early investors with significant profit opportunities. Balancing the interests of all parties and avoiding sell pressure later on requires careful consideration by the project team. After all, even the best technology needs a reasonable incentive mechanism to support it.

Overall, this debate reflects the fundamental disagreement between the technical and speculative factions in the crypto industry. It’s difficult to determine a winner in the short term, but in the long run, projects that bring real value to the industry will stand out. Let's wait and see the future development of Monad.