Consider a long-term short position on the new Monad (MON) token, as it shows characteristics of previously hyped blockchains that failed to retain users. The ideal entry for this short is not immediate, but rather after any initial price pump fades and on-chain activity begins to decline. Be aware that Monad's $269 million in funding poses a risk, as it could be used to artificially support the price. For a different type of opportunity, consider using the Gravity perpetuals exchange on ZK Sync to farm its potential airdrop, which is viewed as less diluted than other platforms. In the immediate short-term, a bounce for Bitcoin (BTC) and the broader crypto market is anticipated.

Monad (MON)

• Monad is a new, highly anticipated L1/L2 style blockchain that just launched its token (MON) and completed its airdrop.
• The host expresses a strong bearish long-term sentiment, viewing it as another "big flashy blockchain launch" that is unlikely to succeed long-term.
• The project raised a significant amount of money ($269 million) from VCs, but the host believes it's on a path to become an "unused ghost chain down the line."
• Many users, including the host, were only involved to "farm the airdrop" for free money and have no intention of using the chain long-term. The airdrop itself was described as "underwhelming" for most.
• The token has already been listed on most major exchanges like Coinbase, Bybit, Kraken, and Crypto.com. The host notes that this leaves little room for future price pumps from new listing announcements, with Binance being the main exception.
• The host compares Monad to numerous past projects like Barachain, Linnea, Metis, and Harmony (ONE), all of which saw their token prices collapse after an initial period of hype as on-chain user activity faded.

Takeaways

• The primary investment strategy discussed is to short Monad for the long term.
• The host is not shorting immediately. They expect a potential short-term pump in the first few weeks, especially if the broader crypto market remains bullish.
• The signal to enter a short position would be when on-chain metrics (like user activity and Total Value Locked) appear to peak and then begin to decline. The host will be "watching this to a T."
• Risk Factor: The host explicitly states, "I am not a financial advisor." They acknowledge that the Monad team could use its $269 million in funding to artificially pump the token's price, which is a risk to any short position.

Gravity (Airdrop Opportunity)

• Gravity is a perpetuals decentralized exchange (perps dex) built on the ZK Sync blockchain.
• The host believes the underlying ZK Sync technology is "slept on" or undervalued.
• An airdrop for Gravity is anticipated. The host suggests that users who trade on the platform to "farm" this airdrop could see "very good results."
• The reasoning is that the potential Gravity airdrop is "less diluted" because fewer people are farming it compared to more popular platforms like Hyperliquid or Asters.

Takeaways

• This is presented as a potential airdrop opportunity.
• Users looking for airdrops might consider using the Gravity platform to trade, which could make them eligible for a future token distribution. The idea is to get in on an opportunity that is not yet overcrowded.

Bitcoin (BTC)

• The market was experiencing a bounce at the time of the recording.
• The host expressed short-term bullishness, stating, "I think it could be a good week for the markets and for volume in particular, maybe for a little bit of a Bitcoin bounce."

Takeaways

• The sentiment suggests a potential for short-term positive price movement for Bitcoin and the broader crypto market. This could be a favorable environment for traders in the immediate future.

Historical Case Studies (Cautionary Tales)

The host uses several other cryptocurrencies as examples to support the bearish thesis on Monad. The key insight is that new, hyped blockchains often fail to retain users and value long-term.

• Barachain (BERA): Despite significant hype, its token is down 90% since its launch in early 2024, serving as a recent example of a hyped chain failing to deliver value post-launch.
• Linnea (LINEA): Raised an enormous $725 million and is associated with MetaMask. However, its token is down 65% all-time as user activity dropped off after the airdrop farming phase, showing that even massive funding doesn't guarantee success.
• Harmony (ONE): A "brutal" example from the 2021 cycle. This once-hyped chain saw its Total Value Locked (TVL) collapse from billions to under $1 million, and its token is down 99.9% from its all-time high.