#Monad Layer-1网络发展 Another high-valuation, low-circulation token is here. Seeing the news about Monad, I can't help but think of the blood and tears of those years when we got burned. This kind of token structure is a trap for retail investors; it may surge early on, but once insiders' tokens are unlocked, it will turn into a brutal sell-off feast.

Arthur Hayes is right; this could very well become another "Bear Chain." We investors who have experienced major ups and downs understand that most Layer-1 projects will ultimately fail. Even Bitcoin, Ethereum, Solana, and Zcash, which Hayes favors, should not be blindly followed.

My advice is that for projects with high FDV and low circulation, you must stay highly vigilant. Don’t be fooled by short-term surges, and don’t be fooled by the so-called "next Ethereum." Remember, in this market, surviving longer is more important than making quick money. Protect your funds, carefully assess each project’s long-term viability—this is the true way of value investing.