MON just got wrecked with an 18.6% drop after Arthur Hayes dropped a bombshell warning about potential 99% downside risk. The situation looks sketchy when you dig into the numbers—only 10% of total supply is actually circulating right now, while half the tokens are locked up tight until 2029.

The price action broke through the $0.024 support level, and all eyes are now on $0.020 as the next critical threshold. If that gives way, we could see some serious cascading liquidations. Short-term sentiment? Absolutely brutal. Traders are getting nervous watching Monad's chart bleed out, especially with that massive supply overhang looming in the background.