Monad Price To Crash 99%? BitMEX Co-Founder Calls Protocol Another Berachain

The Layer 1 blockchain Monad has grabbed the headlines previously few days following its profitable launch earlier final week. MON, its native token, loved a significant 80% surge on the again of the launch, hitting an all-time high of 0.048 on Wednesday, November 26.

While the Monad protocol has loved vital consideration since going reside, it seems that not everyone seems to be assured in its potential adoption. Most notably, BitMEX co-founder Arthur Hayes has put ahead a pessimistic outlook for the mission, saying its token worth might fall as a lot as 99%.

Monad Has No Real Use Case: Hayes

In a YouTube interview with Altcoin Daily, Hayes stated that some other Layer 1 blockchain apart from Ethereum and Solana is “zero” and isn’t going to do very properly. Using Monad for instance, the previous BitMEX CEO described the protocol’s coin as one other “high FDV, low-float” token.

Hayes mentioned that Monad goes to be the brand new “Berachain” and expects its native token’s worth to fall by 99% after the preliminary leap. Berachain, which launched in February 2025, has its native token BERA buying and selling beneath $1, practically 94% beneath its all-time high of $14.83.

As of this writing, the Monad token is valued at round $0.0285, reflecting an over 40% decline since hitting its all-time high on Wednesday.

Hayes highlighted that each new mission’s token usually enjoys an early value spike earlier than dealing with a deep correction, as there’s often no actual use case to again up the preliminary progress. The crypto founder famous that it’s a traditional case of FOMO (worry of lacking out), particularly after the huge success of Ethereum.

Hayes mentioned within the interview:

Every coin will get their first pump and folks wish to imagine within the new L1. Everybody desires to put money into the brand new Ethereum like they’d have in 2014 when everybody missed it. Me included. But once more, that doesn’t imply it [Monad] goes to really have any actual use case.

Moving ahead, Hayes went on to choose a “magnificent 5” of protocols presently within the cryptocurrency house, together with Bitcoin, Ethereum, Solana, ZCash, and Ethena.

If Not Layer 1s, What Next?

It is little shock that ZCash made it to the BitMEX co-founder’s checklist of prime blockchain protocols. According to Hayes, ZCash and different privacy-focused cash—like Monero—will dominate the crypto narrative much more within the coming 12 months.

Additionally, Hayes talked about that Zero Knowledge (ZK) proofs and quantum resistance are different crypto narratives to be careful for in 2026. Specifically, the crypto founder famous that the subsequent winner within the crypto market over the subsequent one to 2 years would come from the ZK house.