Monad officially launched its mainnet this week, on November 24, attracting massive attention from the crypto community as a unique high-performance blockchain designed to transform the layer 1 space.Leading exchanges like Bybit and Coinbase rushed to list the token as ecosystems like Solana integrated the new platform.The initial excitement saw the alt maintain upside price actions, against what most analysts predicted. Of course, enhanced broader sentiments in the past few sessions also helped keep MON price afloat.However, the trend is shifting, as the new altcoin saw a sharp price dip today as market participants start to shift from hype to criticism. Arthur Hayes, the BitMEX co-founder who just two days earlier had predicted “MON to $10,” has sharply reversed his stance on Monad. In a post on social media, Hayes announced he had exited his position, declaring, “I’m out. Send this dogshit to ZERO!”Arthur Hayes@CryptoHayes·FollowI’m out. Send this dogshit to ZERO! $MON 😭😭😭😭😭😭😭😭 2:41 pm · 27 Nov 2025988ReplyCopy linkRead 595 repliesHayes is among the most influential voices in crypto, and his striking shift in sentiment triggered an immediate reaction in MON’s price.The digital coin saw a sudden selling pressure, plummeting by more than 16% within minutes.Prominent voices move marketsMON’s price dip underscores the influence of prominent figures in digital assets, especially low-float projects. Its market capitalisation of $425 million makes it prone to wild price swings on sentiment shifts.Influential figures like Hayes can intensify market movements and volatility whenever they shift from excitement to disapproval.With such developments, investors who fueled the initial momentum during the mainnet launch may start reevaluating their Monad positions.MON price outlookThe altcoin’s daily price chart reveals dramatic action. Monad has been bullish after its post-mainnet dip, which saw MON hitting $$0.02 lows.It has remained elevated until today, with its trajectory shifting to bearish within minutes, even amid enriched broader sentiments.The digital asset is trading at $0.03922, down by over 16% on the 24-hour timeframe. Chart by CoinMarketCapThe 45% decline in daily trading volume signals the prevailing selling pressure on MON.Short-term technical indicators suggest dominant bearish activities in the near term. The Moving Average Convergence Divergence sways below the signal line with robust red histograms. Also, the Relative Strength Index demonstrates weakening momentum.Nevertheless, broader market sentiments will determine MON’s price actions in the coming sessions, unless Hayes has access to currently unavailable information on solid bearish catalysts awaiting Monad.The cryptocurrency market is trading in green today, with top assets BTC (+4.90%), ETH (+5.30%), and BNB (+4.20%) recording substantial gains in the past 24 hours. Moreover, the value of all digital assets has increased by 4.30% to $3.12 trillion.Organic demand, with integration in key ecosystems and listing on leading exchanges, fueled MON’s latest rally. Continued broad-based rallies could help Monad absorb the short-term selling pressure and resume its uptrend.  The post Monad (MON) dips 16% after BitMEX co-founder’s 'send to zero' comments appeared first on InvezzMonad officially launched its mainnet this week, on November 24, attracting massive attention from the crypto community as a unique high-performance blockchain designed to transform the layer 1 space.Leading exchanges like Bybit and Coinbase rushed to list the token as ecosystems like Solana integrated the new platform.The initial excitement saw the alt maintain upside price actions, against what most analysts predicted. Of course, enhanced broader sentiments in the past few sessions also helped keep MON price afloat.However, the trend is shifting, as the new altcoin saw a sharp price dip today as market participants start to shift from hype to criticism. Arthur Hayes, the BitMEX co-founder who just two days earlier had predicted “MON to $10,” has sharply reversed his stance on Monad. In a post on social media, Hayes announced he had exited his position, declaring, “I’m out. Send this dogshit to ZERO!”Arthur Hayes@CryptoHayes·FollowI’m out. Send this dogshit to ZERO! $MON 😭😭😭😭😭😭😭😭 2:41 pm · 27 Nov 2025988ReplyCopy linkRead 595 repliesHayes is among the most influential voices in crypto, and his striking shift in sentiment triggered an immediate reaction in MON’s price.The digital coin saw a sudden selling pressure, plummeting by more than 16% within minutes.Prominent voices move marketsMON’s price dip underscores the influence of prominent figures in digital assets, especially low-float projects. Its market capitalisation of $425 million makes it prone to wild price swings on sentiment shifts.Influential figures like Hayes can intensify market movements and volatility whenever they shift from excitement to disapproval.With such developments, investors who fueled the initial momentum during the mainnet launch may start reevaluating their Monad positions.MON price outlookThe altcoin’s daily price chart reveals dramatic action. Monad has been bullish after its post-mainnet dip, which saw MON hitting $$0.02 lows.It has remained elevated until today, with its trajectory shifting to bearish within minutes, even amid enriched broader sentiments.The digital asset is trading at $0.03922, down by over 16% on the 24-hour timeframe. Chart by CoinMarketCapThe 45% decline in daily trading volume signals the prevailing selling pressure on MON.Short-term technical indicators suggest dominant bearish activities in the near term. The Moving Average Convergence Divergence sways below the signal line with robust red histograms. Also, the Relative Strength Index demonstrates weakening momentum.Nevertheless, broader market sentiments will determine MON’s price actions in the coming sessions, unless Hayes has access to currently unavailable information on solid bearish catalysts awaiting Monad.The cryptocurrency market is trading in green today, with top assets BTC (+4.90%), ETH (+5.30%), and BNB (+4.20%) recording substantial gains in the past 24 hours. Moreover, the value of all digital assets has increased by 4.30% to $3.12 trillion.Organic demand, with integration in key ecosystems and listing on leading exchanges, fueled MON’s latest rally. Continued broad-based rallies could help Monad absorb the short-term selling pressure and resume its uptrend.  The post Monad (MON) dips 16% after BitMEX co-founder’s 'send to zero' comments appeared first on Invezz