Arthur Hayes, speaking on Altcoin Daily, criticized Monad, labeling it a 'next-gen ETH killer' trap with high fully diluted valuation (FDV) and low circulation. Hayes argued that Monad is designed for founders and venture capitalists to cash out, lacking the capability to compete with Ethereum and even falling short of Solana. Initially optimistic with a target of $10, Hayes now predicts a decline to zero following recent downturns.