Monad welcomes a major positive news big pump! Is Arthur Hayes endorsing a bull run or signaling a market top?

Since the launch of Monad's price on its Mainnet, it has already pumped by 55%, attracting widespread follow from the market. Legendary trader Arthur Hayes hinted that this newly launched Token may be preparing for significant moves, even predicting it could eventually reach $10. Meanwhile, the Sunrise platform launched by Wormhole Labs provides a unified gateway for Monad to enter the Solana ecosystem.

Arthur Hayes's Duality: Bull Market Signal or Exit Top Alarm

Legendary trader Arthur Hayes has turned his attention to Monad. In a recent article published on the X forum, he publicly revealed that he has purchased MON and even predicted that this altcoin could eventually reach $10. After a brief dip, the price of MON quickly rebounded, rising over 55% in the past few days, attracting the market's attention. However, Hayes' involvement adds another layer of significance to this story.

However, not everyone sees this as a bullish signal. Some traders interpret Hayes's optimistic attitude as a potential signal that Monad's stock price may be nearing a local high. This skepticism stems from his track record: Hayes is known for making very optimistic predictions about certain altcoins, but these assets tend to decline shortly afterward, often around the same time he reduces his own investments.

Recently, he promoted Ethena (ENA), Hyperliquid (HYPE), and Ethereum (ETH), attracting widespread follow. However, in some cases, he later sold part of his shares. Due to this history, Hayes' firm confidence in MON has caused a divergence in public opinion. Some believe this indicates great pump potential, while others view it as a warning that the current pump may be excessive.

This pattern has led some traders to view his support as a potential local top signal rather than an early bullish signal. MON is currently under close watch, and volatility is also increasing. Is the Token ready for a new round of pump, or has this rebound already lost its momentum? For now, the market reaction in the coming days will reveal which perspective will ultimately prevail.

Monad Mainnet Launch: Technical Breakthrough and Debut Performance

For those unfamiliar with Monad, it aims to address the longstanding trade-off between decentralization and scalability. This network achieves high performance without sacrificing security and decentralization, effectively reshaping the possibilities of decentralized systems. The project claims it can handle 10,000 transactions per second, with a block time of 0.4 seconds and a final confirmation time of 800 milliseconds.

At the same time, its nearly zero gas fees have eliminated the cost barriers that historically hindered the adoption of blockchain technology among mainstream users. Furthermore, Monad offers full EVM compatibility, allowing developers to immediately leverage Ethereum's mature tools, libraries, and application ecosystem. Just days before Hayes made his remarks, Monad's Mainnet went live, and at launch, the Token price fell but then dramatically rebounded.

Monad Technical Advantages

High throughput: Processes 10,000 transactions per second, with a block time of only 0.4 seconds.

Quick Confirmation: Final confirmation time of 800 milliseconds, far exceeding traditional blockchains.

Low Cost: Nearly zero gas fees, eliminating barriers to mainstream adoption.

EVM Compatible: Fully compatible with Ethereum tools and ecosystem, reducing migration costs for developers.

The launch of the Mainnet also comes with an airdrop. Regarding the airdrop, the project revealed that the total supply of MON is 100 billion Tokens. It was noted that currently, 10.8% of the Tokens have been unlocked and are in circulation. The circulating Tokens are divided into two parts. Specifically, the company last week issued 7.5% of the Tokens through a public sale on the Coinbase Token platform at a price of $0.025 each.

Previously, the team revealed that a total of 85,820 participants took part in the Token sale, contributing a total of $269 million. “The MON Token sale has ended. As many predicted, this sale far exceeded expectations and saw a surge in activity in the final stages. But for me, the most important figure is the 85,000 participants,” co-founder Keone Hon disclosed. At the same time, the remaining 3.3% will be unlocked through airdrops.

Token economics controversy: Team allocation of 27% raises questions

(Source: Monad)

However, not everyone is satisfied with the token economic model of the project. Several community members on X expressed concerns, believing that the team's allocation seems unusually high compared to typical industry standards. “Monad's token economic model is one of the most predatory. The team allocation is as high as 27%, the highest in the industry; venture capital institutions receive 20%, and they acquire it at a price far lower than the retail price; the ecosystem development allocation is as high as 38.5%, similar to Plasma, and we all know how Plasma ended,” said anonymous analyst CoinMamba.

This allocation structure has raised discussions about team incentives and retail protection. A 27% team allocation is indeed high among mainstream projects, as the industry standard typically ranges from 15-20%. Excessive team allocation may lead to long-term selling pressure, as team members might choose to cash out after the unlock period. Furthermore, a 20% venture capital allocation combined with a purchase cost far below the retail price means that early investors have significant profit margins, and this asymmetrical benefit structure may be detrimental to retail investors.

Monad Technical Analysis: Rising Channel Support Target at 0.064 USD

(Source: Trading View)

Despite the mixed sentiment in the market towards MON, the 1-hour chart shows a more positive short-term outlook. The Token is currently trading within an ascending channel. As long as Monad continues to maintain this pattern, the altcoin may find support near the $0.041 support area.

If this technological form can be maintained, the price of MON is very likely to break through the direct resistance level of 0.048 USD. A breakthrough at the upper boundary of the channel may open a door for the price to further rise to the target price of 0.064 USD. Since Monad has just been launched, predicting its short-term price trend remains highly speculative. The Token is still in the price discovery phase, during which the market will try to determine a reasonable valuation based on early trading activity.

However, traders should always be aware of the downside risks. If selling pressure intensifies or the overall market sentiment turns bearish, the ascending channel may break downward. In this scenario, the price of Monad could slide to the support level of $0.033, thereby undermining the bullish structure and signaling a deeper pullback.

Sunrise platform launches: Monad enters Solana's unified gateway

Wormhole Labs launched Sunrise on Sunday, a unified gateway designed to be the main entry point for new digital assets into the Solana ecosystem. The platform introduces a standardized interface that allows issuers and users to transfer tokens from any ecosystem to Solana. This release coincides with Monad and its token MON going live on the mainnet on Monday, enabling Solana users to gain access on day one without the need for complex bridges and aggregators.

Sunrise aims to address the increasingly severe challenges in the rapidly expanding market of Solana. Despite the accelerating trading activities on the blockchain, new assets find it difficult to enter its ecosystem efficiently. Users often face issues such as fragmented liquidity, cumbersome bridging processes, and limited early trading venues. Sunrise positions itself as the “standard pathway” for new Solana tokens, aiming to simplify asset flow into a unified interface.

The platform utilizes Wormhole's native token transfer infrastructure, allowing tokens to maintain their utility and interchangeability across chains without relying on traditional liquidity pools that are susceptible to hacks or slippage. Integration with the block explorer Orb and the decentralized exchange Jupiter will launch in sync with the rollout. Any cryptocurrency introduced through Sunrise can be accessed and traded immediately within the Solana ecosystem.