My $MON Thesis: the most-hated coin this cycle. People aren’t even trying to understand @monad. They’re just piling onto the hate because of: - Expensive (?) token sale - Small airdrop - Long wait before mainnet - Down only chart This makes MON trading like other mid-cap token launches. But if you zoom in, you'll see a different picture: > 300m mcap/3b fdv for a project building a new entire infra vertical > backed by T1 invetors and coinbase users > 63% of ico tokens were already sold (paperhand) > no new buyer because everyone says it's going to 0 This creates a trading setup like how I played $PUMP: everyone hated it and kept calling it dead. I've spent the past few days diving into dev tools for builders, and DeFi stack for end users. My takeaway: Monad still has a shot. The community, funding, and partnerships are big enough to give them a real chance at execution. What really matters to $MON now is execution, not the past. People will eventually compare it with SUI ($6.5b mcap) if they're working on the right track. Let's see.