BitMEX Co-Founder Exits Monad Position Within Seven Hours, Calls Token 'Dogshit'

BitMEX co-founder Arthur Hayes publicly purchased Monad [MON] on November 25, triggering a 30% price surge to $0.048. Seven hours later, Hayes exited his position and urged followers to abandon the token. The incident highlights volatility risks in low-float altcoin markets, where individual trades can trigger significant price swings.