Arthur Hayes has publicly announced his exit from Monavale ($MON), referring to the project in disparaging terms and calling for a zero valuation. This sentiment marks a sharp turn from previous market expectations, where he had reportedly suggested a $10 price target. This shift in sentiment coincides with $MON's official listing on Bybit Spot, which has introduced heightened volatility to the asset. Simultaneously, on-chain data reveals significant activity among large holders. A whale address (0x9294) withdrew 73.36 million $MON (approximately $3 million) from Gate.io within a 24-hour period. These large-scale movements, combined with Hayes' high-profile bearish pivot, have intensified market attention on the token's post-listing performance. [Update 1] New reports confirm that the increased volatility and trader attention are directly linked to the official listing on Bybit Spot. The market is digesting the contrast between the new exchange listing and the sudden bearish reversal from key influencers like Hayes.